Fastly reported record Q2 2026 revenue of $183.3 million, up 23% year-over-year, and non-GAAP EPS of $0.15, both exceeding analyst expectations. The company raised its 2026 revenue guidance to $739 million and EPS to $0.52, citing improved operating leverage, margin expansion, and stronger customer retention. These factors support a more durable business model with higher valuation multiples, prompting an increase in the price target from $31 to $34 while maintaining a Strong Buy rating. This outlook signals confidence in Fastly's growth and profitability trajectory.
Fastly shares are trading at USD 26.02 on Pluang as of Sep 23, 2026 12:31 WIB, down 5.11% for the day. The stock's market cap stands at $4.37 billion, below its 52-week high of $33.50. Despite recent gains in revenue and earnings guidance, Pluang users are predominantly selling, with 83% of order activity in sell orders.
Fastly's stock fell 7% following its Investor Day event despite no negative news, suggesting profit taking after a strong prior run. Meanwhile, peers Cloudflare and Akamai saw their shares rise, indicating the sell-off was specific to Fastly rather t...
Fastly's stock surged 14% following the launch of new AI traffic control products, including an AI Firewall designed to block attacks on large language models. This move sparked gains in related edge security and AI infrastructure stocks, with Cloudf...
