|Bid||36.38 x 1000|
|Ask||36.40 x 1000|
|Day's range||33.55 - 36.67|
|52-week range||33.55 - 122.75|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Fastly (NYSE: FSLY) jumped out of the gate Friday, climbing as much as 8.7% before the broader market decline dragged it back down. The catalyst that initially sent the edge platform provider higher was an upgrade courtesy of a Wall Street analyst. Raymond James analyst Frank Louthan upgraded Fastly stock to outperform (buy) from market perform (hold) and assigned a price target of $42.
Not for the first time this year, content delivery network (CDN) operator Fastly (NYSE: FSLY) had a big announcement concerning its top management. Monday morning, it announced a new executive appointment, and investors clearly approved -- they traded the stock up by nearly 2% on the day. Fastly announced that it has appointed a new chief product officer: Lakshmi Sharma, who is to begin her job immediately.
Fastly (NYSE: FSLY) provides a range of cloud services that make the Internet faster and safer. Unfortunately, disappointing financial results and a network outage in June have weighed heavily on the company, and the share price currently sits 57% below its all-time high. In this Backstage Pass video, which was recorded on Nov. 5, 2021, Motley Fool contributor Trevor Jennewine and Fool analyst Tim Beyers discuss Fastly's third-quarter earnings report while highlighting the metrics investors should watch in the coming quarters.