We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fastly (FSLY) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Fastly (FSLY - Free Report) closed at $126.55 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 1.64%. Meanwhile, the Dow gained 0.88%, and the Nasdaq, a tech-heavy index, added 2.56%.
Prior to today's trading, shares of the cloud software developer had gained 53.24% over the past month. This has outpaced the Computer and Technology sector's gain of 3.41% and the S&P 500's gain of 2.44% in that time.
Wall Street will be looking for positivity from FSLY as it approaches its next earnings report date. In that report, analysts expect FSLY to post earnings of $0 per share. This would mark year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $74.92 million, up 50.44% from the year-ago period.
FSLY's full-year Zacks Consensus Estimates are calling for earnings of -$0.03 per share and revenue of $299.75 million. These results would represent year-over-year changes of +94.23% and +49.53%, respectively.
Investors should also note any recent changes to analyst estimates for FSLY. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FSLY is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fastly (FSLY) Stock Sinks As Market Gains: What You Should Know
Fastly (FSLY - Free Report) closed at $126.55 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 1.64%. Meanwhile, the Dow gained 0.88%, and the Nasdaq, a tech-heavy index, added 2.56%.
Prior to today's trading, shares of the cloud software developer had gained 53.24% over the past month. This has outpaced the Computer and Technology sector's gain of 3.41% and the S&P 500's gain of 2.44% in that time.
Wall Street will be looking for positivity from FSLY as it approaches its next earnings report date. In that report, analysts expect FSLY to post earnings of $0 per share. This would mark year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $74.92 million, up 50.44% from the year-ago period.
FSLY's full-year Zacks Consensus Estimates are calling for earnings of -$0.03 per share and revenue of $299.75 million. These results would represent year-over-year changes of +94.23% and +49.53%, respectively.
Investors should also note any recent changes to analyst estimates for FSLY. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FSLY is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.