Since Q4 2020, the company has updated its risk profile with eight new risk factors.įastly tells investors that it has outstanding convertible notes that may dilute the ownership interest of the existing shareholders when converted. The new TipRanks Risk Factors tool shows 74 risk factors for Fastly. The consensus estimate calls for full-year revenue of $382.34 million, and a loss per share of $0.43. It revised adjusted loss per share for the year to a range of $0.65 to $0.57 from the prior range of $0.44 to $0.35. The consensus estimate calls for revenue of $98.02 million, and a loss per share of $0.09.įor the full-year 2021, the company lowered its revenue expectation to $340 million to $350 million from $380 million to $390 million. Fastly ended Q2 with $1.1 billion in cash and cash equivalents.įor Q3, Fastly anticipates revenue in the range of $82 million to $85 million, and adjusted loss per share in the band of $0.21 to $0.18. The company suffered a significant network outage during Q2 that affected its results for the quarter and full-year outlook. Fastly posted an adjusted loss per share of $0.15, compared to the consensus estimate of a loss per share of $0.17. Revenue increased 14% year-over-year to $85.03 million in Q2 2021, but slightly missed the consensus estimate of $85.73 million. Fastly’s Q2 Financial Results and 2021 Outlook Let’s take a look at Fastly’s latest financial performance and changes in risk factors. Pinterest ( PINS), GitHub, and the New York Times are among Fastly’s customers.
It enables customers to deliver great digital experience to the end-user. ( FSLY) is an edge cloud platform provider.
What do the Changes in Fastly’s Risk Factors Reveal?įastly Inc.
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