Latest news with #Fastly
Business Wire
5 days ago
- Business
- Business Wire
Fastly Appoints Kip Compton as Chief Executive Officer
SAN FRANCISCO--(BUSINESS WIRE)-- Fastly, Inc. (NYSE: FSLY) a leader in global edge cloud platforms, today announced that Kip Compton, Fastly's current Chief Product Officer, has been appointed CEO of the company and named to the Board of Directors, effective immediately. Compton succeeds Todd Nightingale, who has stepped down as CEO, President, and as a Director of the Board. Nightingale will remain with the company as an advisor until June 30, 2025, and will then be pursuing an external opportunity. 'We want to thank Todd for his leadership, product portfolio evolution, dedication to our customers, and for building a strong executive team that positions Fastly to seamlessly navigate this transition,' said David Hornik, Fastly's Board Chair. 'We are excited to have Kip step into the CEO role. He is a seasoned executive with a compelling vision for the future of the edge. We are confident in his ability to lead Fastly into its next chapter and drive strength in our business.' 'I am honored to lead Fastly as CEO,' said Compton. 'Since joining, I have worked closely with Todd and the leadership team to elevate our strategy, increase our product velocity, and position us for growth. I look forward to building on our momentum and capitalizing on the significant opportunities in front of us.' Compton joined Fastly in January 2024 as Chief Product Officer, with a long and proven track record of bringing world-class technology to market and growing significant businesses. Over the last year and a half, he has been instrumental in accelerating Fastly's portfolio strategy, engaging with customers and investors, and driving growth across the business. Compton has more than 25 years of senior leadership experience delivering innovation in cloud, video, and networking. Prior to joining Fastly, Compton served as the Senior Vice President of Strategy & Business Development of Cisco Networking, where he led teams responsible for strategy, portfolio management, investments and acquisitions. Prior to that, he held various leadership roles at Cisco and Comcast in technology, business development, and operations. He holds multiple patents in digital video, security, and networking. Compton holds a Bachelor's degree in Computer Science and Engineering and a Master's degree in Electrical Engineering and Computer Science, both from the Massachusetts Institute of Technology. He also holds a Master's of Business Administration from Wharton. Fastly reaffirms its financial guidance issued on May 7, 2025, with respect to its second quarter and full year 2025 results. About Fastly, Inc. Fastly's powerful and programmable edge cloud platform helps the world's top brands deliver online experiences that are fast, safe, and engaging through edge compute, delivery, security, and observability offerings that improve site performance, enhance security, and empower innovation at global scale. Compared to other providers, Fastly's powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, Neiman Marcus, Universal Music Group, and SeatGeek. Learn more about Fastly at and follow us @fastly. Source: Fastly, Inc.
Yahoo
5 days ago
- Business
- Yahoo
Reflecting On Software Development Stocks' Q1 Earnings: PagerDuty (NYSE:PD)
Let's dig into the relative performance of PagerDuty (NYSE:PD) and its peers as we unravel the now-completed Q1 software development earnings season. As legendary VC investor Marc Andreessen says, "Software is eating the world", and it touches virtually every industry. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. The 11 software development stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 2.3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 8.1% on average since the latest earnings results. Started by three former Amazon engineers, PagerDuty (NYSE:PD) is a software-as-a-service platform that helps companies respond to IT incidents fast and make sure that any downtime is minimized. PagerDuty reported revenues of $119.8 million, up 7.8% year on year. This print was in line with analysts' expectations, but overall, it was a mixed quarter for the company with accelerating customer growth but EPS guidance for next quarter missing analysts' expectations significantly. PagerDuty delivered the weakest full-year guidance update of the whole group. The company added 133 customers to reach a total of 15,247. Unsurprisingly, the stock is down 10.5% since reporting and currently trades at $14.42. Is now the time to buy PagerDuty? Access our full analysis of the earnings results here, it's free. Founded in 2011, Fastly (NYSE:FSLY) provides content delivery and edge cloud computing services, enabling enterprises and developers to deliver fast, secure, and scalable digital content and experiences. Fastly reported revenues of $144.5 million, up 8.2% year on year, outperforming analysts' expectations by 4.8%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates. Fastly delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 17.5% since reporting. It currently trades at $7.06. Is now the time to buy Fastly? Access our full analysis of the earnings results here, it's free. Founded by two grad students of Harvard Business School, Cloudflare (NYSE:NET) is a software-as-a-service platform that helps improve the security, reliability, and loading times of internet applications. Cloudflare reported revenues of $479.1 million, up 26.5% year on year, exceeding analysts' expectations by 2.1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts' expectations. Interestingly, the stock is up 37.3% since the results and currently trades at $171. Read our full analysis of Cloudflare's results here. Started in 1999 by David Morken who was later joined by Henry Kaestner as co-founder in 2001, Bandwidth (NASDAQ:BAND) provides thousands of customers with a software platform that uses its own global network to provide phone numbers, voice, and text connectivity. Bandwidth reported revenues of $174.2 million, up 1.9% year on year. This result topped analysts' expectations by 3.1%. More broadly, it was a satisfactory quarter as it also produced an impressive beat of analysts' EBITDA estimates. Bandwidth had the slowest revenue growth among its peers. The stock is up 10.4% since reporting and currently trades at $13.57. Read our full, actionable report on Bandwidth here, it's free. Founded in 1999 by two engineers from MIT, Akamai (NASDAQ:AKAM) provides software for organizations to efficiently deliver web content to their customers. Akamai reported revenues of $1.02 billion, up 2.9% year on year. This print was in line with analysts' expectations. It was a strong quarter as it also logged a solid beat of analysts' EBITDA estimates and EPS guidance for next quarter topping analysts' expectations. Akamai had the weakest performance against analyst estimates among its peers. The stock is down 9.1% since reporting and currently trades at $77.77. Read our full, actionable report on Akamai here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
fuboTV, Fastly, Norwegian Cruise Line, Designer Brands, and OneWater Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict. The conflict intensified market anxiety, compounding volatility, especially in risk assets like stocks, and prompting a pronounced shift toward safe-haven assets. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Media company fuboTV (NYSE:FUBO) fell 6.5%. Is now the time to buy fuboTV? Access our full analysis report here, it's free. Content Delivery company Fastly (NYSE:FSLY) fell 8.8%. Is now the time to buy Fastly? Access our full analysis report here, it's free. Travel and Vacation Providers company Norwegian Cruise Line (NYSE:NCLH) fell 5.2%. Is now the time to buy Norwegian Cruise Line? Access our full analysis report here, it's free. Footwear Retailer company Designer Brands (NYSE:DBI) fell 7.3%. Is now the time to buy Designer Brands? Access our full analysis report here, it's free. Boat & Marine Retailer company OneWater (NASDAQ:ONEW) fell 13.7%. Is now the time to buy OneWater? Access our full analysis report here, it's free. OneWater's shares are extremely volatile and have had 49 moves greater than 5% over the last year. But moves this big are rare even for OneWater and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 17 days ago when the stock gained 7.2% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. OneWater is down 20.3% since the beginning of the year, and at $13.69 per share, it is trading 55.1% below its 52-week high of $30.48 from July 2024. Investors who bought $1,000 worth of OneWater's shares 5 years ago would now be looking at an investment worth $636.45. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
13-06-2025
- Business
- Globe and Mail
Buy 5 AI-Focused Mid-Cap Internet Software Stocks for a Solid Portfolio
The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. Outstanding penetration of mobile devices among users makes sense for businesses to invest heavily in web-based infrastructure, applications and security software. Within the Technology sector, the Zacks-defined Internet Software industry is currently within the top 17% of the Zacks Industry Rank. Since the Internet Software industry is ranked in the top half of Zacks Ranked Industries, we expect it to outperform the market over the next three to six months. We recommend five artificial intelligence (AI)-focused mid-cap stocks from this space that have strong potential for the second half of 2025. These are — UiPath Inc. PATH, Five9 Inc. FIVN, Fastly Inc. FSLY, Calix Inc. CALX and Confluent Inc. CFLT. Each of our picks currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The chart below shows the price performance of our five picks in the past three months. UiPath Inc. UiPath provides an end-to-end automation platform that offers a range of robotic process automation solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. PATH offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. The PATH platform's embedded AI, ML, and NLP (Natural Language Processing) capabilities improve decisioning and information processing. PATH introduced new generative AI features, including specialized LLMs (Large Language Model) such as DocPATH and CommPATH, and Context Grounding, to enhance automated AI models for specific business needs. UiPath has an expected revenue and earnings growth rate of 8.5% and 3.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the last seven days. Five9 Inc. Five9 provides intelligent cloud software for contact centers in the United States, India, and internationally. FIVN offers a virtual contact center cloud platform that delivers a suite of applications, enabling a broad range of contact center-related customer service, sales, and marketing functions. FIVN's platform comprises interactive virtual agents, agent assistance, workflow automation, workforce engagement management, AI insights, and AI summaries. It allows management and optimization of customer interactions across voice, chat, email, web, social media, and mobile channels directly or through its application programming interfaces. FIVN has been benefiting from the growing adoption of AI tools in its call center services, with personalized AI agents emerging as a major growth driver. On Feb. 19, Five9 introduced its Intelligent CX Platform powered by Five9 Genius AI on the Google Cloud space. FIVN also released new Five9 AI agents tailor-made for Google Cloud. Five9 has an expected revenue and earnings growth rate of 9.6% and 11.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.7% over the last 60 days. Fastly Inc. Fastly provides infrastructure software offering cloud computing, image optimization, security, edge computer technology and streaming solutions. On Dec.16, 2024, FSLY unveiled Fastly AI Accelerator, a semantic caching solution that allows developers to optimize their LLM generative AI applications. FSLY operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. FSLY's Edge Cloud Platform offers more efficient performance as developers need only a single line of code instead of repeated calls to the AI provider to update their application to a new API endpoint. Fastly has an expected revenue and earnings growth rate of 8.6% and 25%, respectively, for 2025. The Zacks Consensus Estimate for 2025 earnings has improved 10% over the last seven days. Calix Inc. Calix provides cloud and software platforms, and systems and services in the United States, the rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. CALX's cloud and software platforms, and systems and services enable broadband service providers to provide a range of services. CALX offers the Calix Cloud platform comprising Calix Engagement Cloud, Calix Operations Cloud, and Calix Service Cloud, which are configurable to display role-based insights and enable BEPs to anticipate and target new revenue-generating services and applications through mobile applications, such as CommandIQ for residents and CommandWorx for businesses. CALX has integrated AI into its cloud platform and products to enhance broadband experience providers' operations, subscriber engagement, and service delivery. CALX offers AI-powered marketing solutions for the health and finance industries, AI-powered chat bots, and AI-driven initiatives like Calix AI Agents. Calix has an expected revenue and earnings growth rate of 7.1% and 65.4%, respectively, for 2025. The Zacks Consensus Estimate for 2025 earnings has improved 21.1% over the last 60 days. Confluent Inc. Confluent operates a data streaming platform in the United States and internationally. CFLT provides platforms that allow customers to connect their applications, systems, and data layers comprising Confluent Cloud, a managed cloud-native software-as-a-service (SaaS), and Confluent Platform, an enterprise-grade self-managed software. CFLT serves banking and financial services, retail and ecommerce, manufacturing, automotive, telecommunication, gaming, insurance, and technology industries, as well as the public sector. Using the Confluent Data Streaming Platform, individuals can stream data in real time from everywhere to deliver production-scale AI-powered applications faster. CFLT has an expected revenue and earnings growth rate of 19% and 24.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.9% in the last 60 days. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Calix, Inc (CALX): Free Stock Analysis Report UiPath, Inc. (PATH): Free Stock Analysis Report Five9, Inc. (FIVN): Free Stock Analysis Report Fastly, Inc. (FSLY): Free Stock Analysis Report Confluent, Inc. (CFLT): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
09-06-2025
- Business
- Yahoo
GitLab (GTLB) Reports Q1: Everything You Need To Know Ahead Of Earnings
Software development tools maker GitLab (NASDAQ:GTLB) will be reporting earnings tomorrow after the bell. Here's what you need to know. GitLab beat analysts' revenue expectations by 2.6% last quarter, reporting revenues of $211.4 million, up 29.1% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts' expectations significantly and EPS guidance for next quarter missing analysts' expectations significantly. Is GitLab a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting GitLab's revenue to grow 25.9% year on year to $213 million, slowing from the 33.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GitLab has missed Wall Street's revenue estimates twice over the last two years. Looking at GitLab's peers in the software development segment, some have already reported their Q1 results, giving us a hint as to what we can expect. JFrog delivered year-on-year revenue growth of 22%, beating analysts' expectations by 4.4%, and Fastly reported revenues up 8.2%, topping estimates by 4.8%. JFrog traded up 10.9% following the results while Fastly was also up 26.8%. Read our full analysis of JFrog's results here and Fastly's results here. There has been positive sentiment among investors in the software development segment, with share prices up 2.6% on average over the last month. GitLab is down 5.4% during the same time and is heading into earnings with an average analyst price target of $70.36 (compared to the current share price of $49.27). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
