Fastly Inc. ($FSLY) Stock Forecast: Up 11.5% Today

What is Fastly Inc.?

Fastly (FSLY) is a cloud computing services company that provides content delivery network services. The overall market sentiment today was bullish.

Why is Fastly Inc. going up?

FSLY stock is up 11.5% on Nov 22, 2024 16:41

• FSLY's bullish movement today, surpassing the 20-day moving average, indicates a potential shift in momentum towards the upside.
• This could be attributed to positive market sentiment towards tech stocks or specific company news driving investor confidence.
• Surpassing the moving average is generally seen as a positive signal by technical analysts, suggesting a potential uptrend in the stock price.
• Investors may interpret this as a bullish indicator and could lead to further buying interest in FSLY.

FSLY Price Chart

FSLY Technical Analysis

FSLY News

Fastly ( FSLY ) Just Overtook the 20-Day Moving Average

Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?

https://www.zacks.com/stock/news/2373957/fastly-fsly-just-overtook-the-20-day-moving-average

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Fastly Inc. Price History

12.08.2024 - FSLY Stock was up 6.4%

• FSLY showed a significant bullish movement today, which might be linked to technical factors and improved earnings forecasts by analysts.
• The intense selling pressure on FSLY might have subsided, hinting at a potential shift in the stock's trend.
• The positive momentum in FSLY's stock price today could be attributed to a blend of technical signals and analyst predictions.

22.10.2024 - FSLY Stock was up 11.5%

• FSLY's bullish movement today, surpassing the 20-day moving average, indicates a potential shift in momentum towards the upside.
• This could be attributed to positive market sentiment towards tech stocks or specific company news driving investor confidence.
• Surpassing the moving average is generally seen as a positive signal by technical analysts, suggesting a potential uptrend in the stock price.
• Investors may interpret this as a bullish indicator and could lead to further buying interest in FSLY.

05.10.2024 - FSLY Stock was up 4.3%

• The significant surge in Fastly's stock price might be linked to optimistic comments from analysts on its Q3 earnings prospects.
• Investor confidence in Fastly's performance metrics for the quarter ending September 2024 seems to be boosting demand for the stock.
• Expectations of an exceptional performance beyond standard financial indicators may be propelling Fastly's stock price upward today.

16.06.2024 - FSLY Stock was up 5.2%

• FSLY stock saw a bullish movement likely due to investors' optimism surrounding the company's recent developments and future growth prospects in the edge computing industry.
• The multiple class action lawsuits against Fastly may have initially caused some uncertainty and volatility in the stock price, but the market seems to have responded positively despite these legal challenges.
• The overall positive sentiment towards edge computing stocks, driven by the projected significant growth of the industry, could have also contributed to the bullish movement in FSLY's stock price.
• Investors might be encouraged by Fastly's innovations, such as the bot management system targeting DDoS attacks and frauds, enhancing edge security, amidst the evolving landscape of edge computing technologies.

16.06.2024 - FSLY Stock was up 5.4%

• Fastly saw a rise in the market, likely attributed to the optimistic view on edge computing stocks and the company's progress in edge security.
• Despite facing securities fraud class action lawsuits, Fastly's stock initially experienced uncertainty and volatility; however, investors have since shown renewed confidence in the company's potential.
• Anticipation surrounding the upcoming financial results announcement may have also contributed to investors' optimism, resulting in the stock's upward movement.
• Despite the legal hurdles, there is a positive market outlook on Fastly, driven by the expected growth in the edge computing sector and the company's innovative advancements in the field.

18.06.2024 - FSLY Stock was down 5.5%

• Ongoing class action lawsuits and investigations from different legal firms have likely unsettled investors, causing a loss of trust in the company's management and financial practices.
• Allegations of securities fraud and misrepresentations have raised concerns about Fastly's credibility and transparency, influencing the recent market downturn.
• The approaching deadline for investor involvement in class action lawsuits has heightened uncertainties and legal risks for Fastly, fostering a negative sentiment among shareholders and potentially driving the stock price downward.

19.06.2024 - FSLY Stock was down 5.0%

• The decline in Fastly's stock today could be linked to the multiple securities class action lawsuits brought against the company by different law firms.
• The approaching deadline for investors to participate in these legal actions might have created doubt and pessimism regarding Fastly's stock, resulting in a sell-off.
• Investors are likely worried about the potential financial impacts of these legal disputes on Fastly's business activities and future prospects, influencing the decrease in the stock price.
• The legal issues and subsequent adverse publicity might have diminished investor trust in Fastly, leading many to sell their shares and steer clear of further investment in the company until the legal uncertainties are clarified.

25.06.2024 - FSLY Stock was up 5.0%

• Fastly's stock surged despite facing various class action lawsuits from investors over alleged federal securities laws violations.
• The market's positive response could indicate confidence in Fastly's potential strategies or resolutions to address the legal challenges.
• Investors may have a positive outlook on Fastly's ability to overcome legal obstacles and sustain its market position in edge cloud services.
• The stock's rise might be influenced by general market trends or favorable internal developments deflecting attention from legal issues on a short-term basis.

08.07.2024 - FSLY Stock was down 19.5%

• Fastly Inc. (FSLY) experienced a bearish movement following its Q2 2024 earnings call, which might have revealed disappointing financial results or guidance.
• Concerns about challenges for Fastly stock despite CDN share gains could have contributed to the negative sentiment among investors.
• Weak sales reported by a healthcare company and downgrades for other companies like a tech company and a media conglomerate may have added to the overall market pessimism, impacting Fastly's stock price negatively.
• The combination of these factors likely led to Fastly's bearish movement today as investors reacted to a mix of company-specific and broader market concerns.

01.07.2024 - FSLY Stock was down 5.4%

• Fastly observed a decline in its stock price today, potentially influenced by profit-taking following a recent surge.
• Investors may have redirected their focus towards ClickHouse after its acquisition of PeerDB, impacting interest in companies like Fastly.
• Speculation on AI stocks in the event of a Trump-Vance victory might have temporarily shifted attention and investments away from Fastly.
• Uncertainties about future government policies and their tech sector implications could have affected overall market sentiment towards tech stocks such as Fastly.

09.07.2024 - FSLY Stock was up 5.8%

• Fastly (FSLY) stock surged today despite plunging 18% after the company's earnings report was released.
• The company reported slightly better-than-expected adjusted EPS but worse revenue figures compared to the same period last year.
• Fastly's CEO highlighted challenges with demand from some of its largest customers, impacting revenue guidance for the upcoming quarters.
• Despite the negative news, investors seemed to focus on the company's efforts to align its cost structure and drive customer acquisition, leading to the bullish movement in the stock.

08.07.2024 - FSLY Stock was down 20.6%

• Fastly (FSLY) experienced a strong bearish movement today.
• Weak sales report by McKesson and challenges highlighted by Piper Sandler could have contributed to negative market sentiment.
• Despite Fastly's efforts to drive customer acquisition and revenue growth, demand challenges mentioned in their financial results announcement could have spooked investors.
• The combination of industry challenges and company-specific issues may have led to the significant downward movement in Fastly's stock price today.