Fastly (FSLY) Reports Q3 Earnings Not Bad For Fastly

Fastly (FSLY) reported $127.82 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 17.8%. EPS of -$0.06 for the same period compares to -$0.14 a year ago.

Here is how Fastly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

1. Total Customer Count: 3,102 versus 3,107 estimated by two analysts on average.

2. Revenue- Non-enterprise customers: $11.62 million compared to the $12.30 million average estimate based on two analysts.

3. Revenue- Enterprise customers: $116.19 million compared to the $114.62 million average estimate based on two analysts.

Technical Analysist
Price Momentum
FSLY is trading in the middle of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.

Market cap: $2.12B
A market capitalization between $2 billion and $10 billion places FSLY in the mid-capitalization category.