Equities Analysts Offer Predictions for Fastly Inc’s Q2 2019 Earnings (NYSE:FSLY)

Equities Analysts Offer Predictions for Fastly Inc’s Q2 2019 Earnings (NYSE:FSLY)

Fastly Inc (NYSE:FSLY) – Research analysts at DA Davidson issued their Q2 2019 earnings per share (EPS) estimates for Fastly in a report released on Tuesday, June 11th, according to Zacks Investment Research. DA Davidson analyst R. Jaluria expects that the company will post earnings of ($0.14) per share for the quarter. DA Davidson has a “Buy” rating and a $26.50 price objective on the stock. DA Davidson also issued estimates for Fastly’s Q3 2019 earnings at ($0.13) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($0.51) EPS, Q1 2020 earnings at ($0.13) EPS, Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.10) EPS, Q4 2020 earnings at ($0.10) EPS, FY2020 earnings at ($0.43) EPS, Q1 2021 earnings at ($0.08) EPS and FY2021 earnings at ($0.22) EPS.

FSLY has been the subject of several other research reports. Oppenheimer started coverage on Fastly in a research note on Tuesday, June 11th. They set an “outperform” rating and a $27.00 price target for the company. Robert W. Baird initiated coverage on Fastly in a research note on Tuesday, June 11th. They set an “outperform” rating and a $28.00 price target for the company. Craig Hallum initiated coverage on Fastly in a research note on Friday, June 21st. They set a “buy” rating and a $24.00 target price for the company. CIBC initiated coverage on Fastly in a research note on Tuesday, June 11th. They set an “outperform” rating and a $27.00 target price for the company. Finally, Citigroup initiated coverage on Fastly in a research note on Wednesday, June 12th. They set a “neutral” rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.44.

Shares of FSLY traded up $1.38 during trading hours on Thursday, hitting $18.86. 845,600 shares of the company were exchanged, compared to its average volume of 893,182. Fastly has a 52 week low of $16.81 and a 52 week high of $25.67.
In other news, major shareholder Qualified Master Fund L. Abdiel purchased 153,248 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average price of $17.25 per share, with a total value of $2,643,528.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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