Fastly, Inc. (FSLY)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
$23.12-9.83%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-10-29
Research Workspace
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating loss narrows toward -$23.9M in Q1 2026: Operating income: $-14.43M.
View ThesisRevenue growth is accelerating — up about 20% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 36%, softest on returns on capital.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 4% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskFastly’s growth case rests on expanding security revenue as AI traffic supports its edge opportunity. Revenue grew 23% year over year in Q2 FY2026, and non-GAAP EPS beat consensus. Fastly trades at 6× sales versus a 4× peer median, near its 5× historical multiple. The price reflects less growth than our forecast, despite modest expectations. The thesis faces pressure from an operating loss, with the standing thesis marked Warn. The 18% next-quarter miss probability adds execution risk. Peer multiples imply a price about 15% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. FSLY is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 13 analysts currently covering FSLY (as of Oct 2026).
Based on 6 Wall Street analysts offering 12-month price targets for FSLY in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| FSLY Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 4 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put FSLY next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Achieve revenue growth
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $23.12
The last 12 months of price, then the range of analyst 12-month targets from today’s $23.12.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Upgrade indicates strong growth potential and market confidence.
Advances: Achieve revenue growth
Analyst upgrade indicates strong growth potential from AI.
Advances: Achieve revenue growth
Upgrade indicates confidence in revenue growth potential.
Advances: Achieve revenue growth
AI security push aligns with revenue growth objectives.
Positive sentiment from investor day supports revenue growth outlook.
Threatens: Improve operating income
SBC impacts operating income negatively.
Advances: Achieve revenue growth
Security growth supports revenue growth objective.
Advances: Achieve revenue growth
Q2 earnings indicate strong revenue growth performance.
