How to Buy Fastly Stock
Fastly Inc
Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications.
Fastly stock last closed at $15.43, up 4.4% from the previous day, and has increased 23.84% in one year. It has overperformed other stocks in the Software - Application industry by 0.28 percentage points. Fastly stock is currently +115.8% from its 52-week low of $7.15, and -14.66% from its 52-week high of $18.08.
There are currently 127M shares of FSLY outstanding. The market capitalization of FSLY is $1.96B. In the last 24 hours, 2.63M FSLY shares were traded.
How to Buy Fastly Stock
Not sure how to invest in Fastly stock? Here's how.
- Choose where to buy Fastly stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Fastly stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your information.
- Analyze Fastly stock: The Fastly ticker symbol is FSLY. Is Fastly stock a good investment? Should you buy shares of FSLY? How do FSLY's underlying business fundamentals look? Do top analysts think Fastly is a good buy? Why has FSLY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if FSLY is a good stock to buy).
- Place your FSLY purchase: Decide if you will purchase FSLY shares at the current market price or use a limit order to buy FSLY shares at a particular price.
- Get the latest news on your investment in FSLY: Create a watchlist to track your position in Fastly shares.
Step 1: Choose where to buy Fastly stock
You will need an online brokerage account in order to access the NYSE market and buy FSLY stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you can buy FSLY stock today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal details to start a new brokerage account.
- Submit your details by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've opened your account on the best stock investing app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing money into your brokerage account.
Step 4: Analyze Fastly stock
Once you have selected the best place to buy Fastly stock, it's crucial to analyze their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Fastly stock quick numbers
FSLY Fundamentals
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on FSLY's stock page.
Is FSLY stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FSLY's true value.
Using relative valuations methods:
- FSLY may be undervalued based on its P/B ratio of 2.04x, relative to Software - Application industry P/B ratio of 5.46x
You can access more valuation analysis on FSLY's stock here.
Is FSLY a healthy company?
Pros:
- There are more short-term assets than short-term liabilities on the FSLY balance sheet.
- FSLY has cash burn of 146613000. It has sufficient cash and short-term investments to cover this for at least one year.
- FSLY has $546.58M in cash and short term investments. This is sufficient to cover its annual cash burn of $146.61M.
Cons:
- FSLY profit margin has gone up by 0.25 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the FSLY balance sheet.
- FSLY has a relatively high debt to equity ratio of 0.94.
Is Fastly stock a Buy, Hold, or Sell, according to analysts?
Out of 9 Wall Street analysts who give forecasts on FSLY, the consensus analyst rating on Fastly is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest FSLY Analyst Forecasts
Rishi Jaluria, a bottom 2% analyst from RBC Capital reiterates FSLY with a sell rating and maintains their FSLY price target from $9.00 to $9.00, on May 4, 2023.
Rich Hilliker, a top 26% analyst from Credit Suisse maintains FSLY with a hold rating and raises their FSLY price target from $11.50 to $14.00, on May 4, 2023.
Sanjit Singh, a bottom 6% analyst from Morgan Stanley upgrades FSLY to a hold rating and raises their FSLY price target from $12.00 to $18.00, on Apr 20, 2023.
Tal Liani, a top 8% analyst from Bank of America maintains FSLY with a strong buy rating and raises their FSLY price target from $16.00 to $26.50, on Apr 11, 2023.
Fatima Boolani, a top 15% analyst from Citigroup maintains FSLY with a strong sell rating and raises their FSLY price target from $7.00 to $8.00, on Feb 21, 2023.
You can dig deeper into what analysts are projecting on the Fastly stock forecast page.
Metrics for Advanced FSLY Traders
FSLY Performance Numbers
Last year, FSLY revenue was $447.91M. Over the last 4 year, FSLY's revenue has increased by 29.84% per year. This was slower than the Software - Application industry average of 33.51%.
Dive into FSLY's earnings and revenue performance here.
What are FSLY executives and large shareholders up to?
In the last year, executives and large shareholders at FSLY have sold more shares than they have bought.
Artur Bergman, Chief Architect of FSLY, was the latest FSLY insider to sell. They sold $40,554.00 worth of FSLY shares on May 23, 2023.
Learn more about who owns FSLY stock here.
Can I get consistent income from FSLY stock?
No, Fastly doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your FSLY purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in FSLY
Now that you own some FSLY stock, you'll want to keep up with your new shares.
Make a watchlist to monitor your FSLY stock.
FSLY Feed
How to Buy Stock in Fastly
To summarize, here are the 6 steps to buy stock in Fastly:
- Choose where to buy Fastly stock
- Open a brokerage account
- Deposit money your investment account
- Analyze Fastly stock
- Place your FSLY purchase
- Get the latest news on your investment in FSLY
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your investment in Fastly, add FSLY to your watchlist below.
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