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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 reported a record revenue of $102.4 million for Q1 2022, achieving a 5% sequential growth and 21% year-over-year growth, exceeding guidance. However, GAAP gross margin decreased to 47.3%, and the net loss was $64.3 million, compared to $50.7 million last year. The company's Net Retention Rate fell to 115%, down from 118%. Fastly will share more insights at its Investor Day on May 12, and a CEO succession search is ongoing.
Fastly, Inc. (NYSE: FSLY) will host its 2022 Investor Day on May 12, 2022, at 1:00 p.m. ET, at the New York Stock Exchange and via live webcast. The event will feature presentations from CEO Joshua Bixby and other executives. Interested participants can access the event at www.fastlyinvestorday.com. A replay will be available post-event. Fastly focuses on enhancing internet experiences for organizations by providing control and speed through its global edge cloud network.
Fastly, Inc. (NYSE: FSLY) will announce its financial results for Q1 2022 on May 4, 2022, following market close. An investor conference call will occur at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested parties can access the call via dial-in or webcast. The conference call replay will be available from May 4 to May 18, 2022. Fastly aims to enhance internet experiences by providing a robust global edge cloud network, serving notable clients like Pinterest and The New York Times. For further details, visit their official website.
Fastly, Inc. (NYSE: FSLY) has acquired Fanout, enhancing its edge cloud network with advanced real-time and streaming API capabilities. This strategic purchase is aimed at improving customer engagement through faster app development and streamlined workflows. Fanout's technology allows developers to integrate real-time functionalities without extensive infrastructure changes, benefiting resource-constrained teams. The integration will further support Fastly's serverless offerings, enabling secure and scalable application development. This move aligns with Fastly's mission to enhance digital experiences across its global platform.
Fastly, Inc. (NYSE: FSLY) has been recognized as a March 2022 Gartner Peer Insights Customers’ Choice for Web Application and API Protection for the fourth consecutive year, achieving an average customer rating of 4.9 out of 5 stars. This recognition reflects outstanding reviews from enterprise IT professionals who have implemented the Fastly Next-Gen WAF, underscoring its effectiveness in protecting against cyber threats. Fastly's recent innovations further enhance its offerings, allowing customers to confidently secure their digital environments.
Fastly, Inc. (NYSE: FSLY) has been recognized as a Leader in the IDC MarketScape: Worldwide Commercial Content Delivery Network 2022 Vendor Assessment. The company boasts a network capacity of 192 Tbps and has shown significant innovation in content delivery services, focusing on speed, security, and reliability.
Key strengths highlighted include a vast network with 95 POPs across 32 countries, a comprehensive product portfolio, excellent customer service with a 95% satisfaction score, and modern network offerings that enhance customer experience.
Fastly, Inc. (NYSE: FSLY) has launched its Compute@Edge partner ecosystem, designed to enhance developer productivity and accelerate digital transformation. This ecosystem features integrations with major firms such as Auth0 and Optimizely, focusing on edge computing solutions that improve security and performance. Recently recognized as a leader by Forrester, Compute@Edge promises seamless deployment and better user experiences. Fastly aims to provide advanced tools for modern application development, catering to both current and future partners.
Fastly, Inc. (NYSE: FSLY) announces CEO Joshua Bixby will engage in a fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on March 7, 2022, at 1:50 p.m. PT. The event will take place at The Palace Hotel in San Francisco, CA. Investors and interested parties can access a live webcast of the chat on Fastly’s Investor Relations website. Fastly is known for its global edge cloud network, helping clients like Pinterest and The New York Times enhance their digital experiences.
Fastly, Inc. (NYSE: FSLY) reported fourth quarter revenue of $97.7 million, marking a 13% sequential increase and 18% year-over-year growth. The company’s Dollar-Based Net Expansion Rate rose to 121%, with an Annual Revenue Retention of 99.2%. Despite these gains, GAAP net loss totaled $57.5 million, up from $45.7 million in Q4 2020, resulting in a net loss per share of $0.49. The company provided guidance for Q1 2022 revenue between $97 million and $100 million, indicating continued growth amid operational challenges.
Fastly, Inc. (NYSE: FSLY) launched the Next-Gen WAF with edge deployment options, enhancing security for applications and APIs across various architectures. This milestone integrates Signal Sciences' trusted technology, allowing customers to manage security from a single platform. The solution promises rapid deployment, increased visibility, and flexibility, appealing to enterprises facing diverse security challenges. Fastly aims to meet modern demands with this advanced offering.
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