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Fastly, Inc. (symbol: FSLY) is a leading provider of edge cloud computing services that help some of the world's most renowned digital businesses keep up with evolving customer expectations. Founded in 2011, Fastly’s core business revolves around delivering fast, secure, and scalable online experiences. By leveraging its advanced edge cloud platform, businesses can accelerate technical innovation, mitigate evolving cyber threats, and dynamically scale their operations as needed.
Fastly powers a wide range of prominent online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times, and Ticketmaster. Fastly’s platform stands out by focusing on fewer but network-dense data centers compared to traditional Content Delivery Networks (CDNs). This strategy allows it to efficiently handle dynamic content and edge computing capabilities, providing superior service to large, sophisticated enterprises.
Headquartered in San Francisco with a global working community spread across cities like Denver, New York, London, and Tokyo, Fastly has raised $130 million from notable investors such as August Capital, Iconiq Capital, Battery Ventures, OATV, and Amplify Partners. The company is committed to providing challenging work environments, continuous learning opportunities, and a collaborative atmosphere. Fastly’s approach has made it a trusted partner for enterprises aiming to accelerate their pace of innovation while ensuring reliable, high-performing online services.
For more information about Fastly’s innovative solutions and latest updates, visit fastly.com or follow them on Twitter at @fastly.
Fastly, Inc. (NYSE: FSLY) will release its financial results for Q4 and the full year of 2022 on
Fastly (NYSE: FSLY) announced the appointment of Puja Jaspal as Chief People Officer, effective immediately. Jaspal will oversee global human resources initiatives, including talent acquisition, employee experience, and diversity initiatives. With over 20 years in human resources, including prior roles at Cisco and Visa, she is recognized for her transformative leadership in workforce development. CEO Todd Nightingale expressed enthusiasm for her joining, highlighting her commitment to fostering an inclusive company culture.
Fastly, Inc. (NYSE: FSLY) released research revealing that 73% of organizations are increasing their cybersecurity budgets, despite 60% believing their current spending is adequate. However, only 61% of cybersecurity tools are fully deployed, with 42% of tools overlapping in protection. False positives are also a significant issue, with 38% of WAF alerts being inaccurate. The report highlights growing concerns over data breaches (32%), malware (29%), and phishing (26%). IT leaders are prioritizing remote worker security amid the shift to hybrid work environments.
Fastly (NYSE: FSLY) has launched a new Edge Observability product line aimed at enhancing real-time visibility and analytics for developers and operations teams. This new suite allows for comprehensive monitoring and immediate response to anomalies, promoting better application health and user experience. Key features include customizable logging, extensive integration support, and real-time data access. Fastly is also providing 30-day free trials for its Origin Inspector and Domain Inspector tools. Such advancements are positioned to improve customer satisfaction and security.
Fastly, Inc. (NYSE: FSLY) has relaunched its Open Source and Nonprofit Program as “Fast Forward,” aimed at supporting over 100 million developers. Announced at the Altitude conference, Fast Forward will provide free services to open source projects and nonprofits, fostering a community around internet innovation. This initiative aligns with Fastly's mission to enhance internet efficiency and safety. The program encourages knowledge sharing among participants, contributing to sustainable development in software projects like the Rust Foundation and Apache Software Foundation.
Fastly, Inc. (NYSE: FSLY), a leading global edge cloud platform, has announced its participation in upcoming investor conferences. Key events include the 2022 RBC Capital Markets Global Technology Conference on November 15 at 4:20 p.m. ET, featuring CFO Ron Kisling, and the Credit Suisse 26th Annual Technology Conference on November 29 at 10:55 a.m. ET, with presentations by CEO Todd Nightingale and CFO Ron Kisling. Webcasts of the events will be available on Fastly's Investor Relations website.
Fastly, Inc. (NYSE: FSLY) reported a record quarterly revenue of $108.5 million for Q3 2022, surpassing guidance with 25% annual growth. The GAAP gross margin decreased to 48.6% from 52.4% year-over-year. The company experienced a net loss of $63.4 million, translating to a loss per share of $0.52. Key metrics included a net retention rate increase to 118% and average enterprise customer spend rising 4% to $759K. Fastly anticipates Q4 revenue between $112-$116 million, maintaining a focus on expanding its cross-selling strategy.
Fastly (NYSE: FSLY) is set to release its third quarter 2022 financial results on November 2, 2022, after market close. An investor conference call will follow at 1:30 p.m. PT to discuss these results. Investors can access the live webcast at Fastly's investor page. Fastly's edge cloud platform is well-regarded for enhancing online performance, security, and innovation.
Fastly, Inc. (NYSE: FSLY) has been recognized as a Challenger in the 2022 Gartner Magic Quadrant for WAAP. This designation, along with being named Customers’ Choice for Web Application and API Protection for four consecutive years, highlights Fastly's commitment to providing robust security without compromising speed. The Next-Gen WAF enhances detection capabilities, allowing over 90% of customers to operate confidently in full blocking mode.
Fastly has appointed Todd Nightingale as its new CEO, effective September 1, 2022. Nightingale, previously with Cisco, will also join Fastly’s Board of Directors. He succeeds Joshua Bixby, who will remain as an advisor. The board believes Nightingale's extensive technology and business strategy experience will enhance Fastly's go-to-market strategy and drive growth. With a track record in transforming infrastructures, he aims to leverage Fastly's edge cloud capabilities to deliver exceptional application experiences.
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