Fastly Inc (NYSE:FSLY) Forecasted to Earn Q2 2019 Earnings of ($0.14) Per Share

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Fastly Inc (NYSE:FSLY) – Investment analysts at DA Davidson issued their Q2 2019 earnings per share (EPS) estimates for shares of Fastly in a note issued to investors on Tuesday, June 11th. DA Davidson analyst R. Jaluria expects that the company will post earnings of ($0.14) per share for the quarter. DA Davidson has a “Buy” rating and a $26.50 price target on the stock. DA Davidson also issued estimates for Fastly’s Q3 2019 earnings at ($0.13) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($0.51) EPS, Q1 2020 earnings at ($0.13) EPS, Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.10) EPS, Q4 2020 earnings at ($0.10) EPS, FY2020 earnings at ($0.43) EPS, Q1 2021 earnings at ($0.08) EPS and FY2021 earnings at ($0.22) EPS.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird began coverage on Fastly in a research report on Tuesday. They set an “outperform” rating and a $28.00 price target on the stock. CIBC began coverage on Fastly in a research report on Tuesday. They set an “outperform” rating and a $27.00 price target on the stock. Bank of America began coverage on Fastly in a research report on Tuesday. They set a “buy” rating and a $26.00 price target on the stock. Stifel Nicolaus began coverage on Fastly in a research report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Finally, Raymond James began coverage on Fastly in a research report on Wednesday. They set a “market perform” rating and a $22.87 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Fastly currently has a consensus rating of “Buy” and an average target price of $25.60.

Shares of Fastly stock opened at $20.61 on Thursday. Fastly has a 52 week low of $19.33 and a 52 week high of $25.67.

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Earnings History and Estimates for Fastly (NYSE:FSLY)

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