Fastly: Q2 Earnings Insights - Fastly (NASDAQ:FSLY)

Shares of Fastly (NYSE:FSLY) decreased in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 850.00% over the past year to ($0.15), which beat the estimate of ($0.17).

Revenue of $85,026,000 higher by 13.88% year over year, which missed the estimate of $85,730,000.

Looking Ahead

Q3 EPS expected between ($0.21) and ($0.18).

Q3 revenue expected between $82,000,000 and $85,000,000.

Conference Call Details

Date: Aug 04, 2021

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.fastly.com.%2F&eventid=3192379&sessionid=1&key=7D8DF031D474E0E6B63345AB5A10D00E&regTag=&V2=false&sourcepage=register

Technicals

52-week high: $136.50

Company's 52-week low was at $39.47

Price action over last quarter: down 13.73%

Company Profile

Fastly operates a content delivery network (CDN), which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focused on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated about two thirds of its revenue in the United States in 2020.

FSLYFastly Inc

$19.38-5.53%

Overview

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