Despite a slight decrease in Fastly’s discount rate, both the consensus analyst price target and future P/E ratio remained essentially unchanged, keeping the fair value estimate stable at $7.57.
What's in the News
- Fastly appointed Richard "Rich" Wong as Chief Financial Officer, succeeding Ronald W. Kisling who will remain in an advisory role for a transition period.
- Charles (Kip) Compton, previously Chief Product Officer, was named Chief Executive Officer following the resignation of Todd Nightingale; Compton brings over 25 years of leadership experience, primarily from Cisco.
- Fastly was dropped from multiple Russell growth and small cap benchmarks and indices.
- Company provided Q3 earnings guidance with revenue expected between $149.0 million and $153.0 million, and full year 2025 revenue guidance of $594.0 million to $602.0 million.
Valuation Changes
Summary of Valuation Changes for Fastly
- The Consensus Analyst Price Target remained effectively unchanged, at $7.57.
- The Discount Rate for Fastly has fallen slightly from 10.21% to 9.94%.
- The Future P/E for Fastly remained effectively unchanged, moving only marginally from 34.62x to 34.36x.
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