Articles from Fastly, Inc.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, will release financial results for the fourth quarter of 2024 after market close on Wednesday, February 12, 2025. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly Inc. (NYSEFSLY), a global leader in edge cloud platforms, today announced the general availability of Fastly AI Accelerator. A semantic caching solution created to address the critical performance and cost challenges faced by developers with Large Language Model (LLM) generative AI applications, Fastly AI Accelerator delivers an average of 9x faster response times.1 Initially released in beta with support for OpenAI ChatGPT, Fastly AI Accelerator is also now available with Microsoft Azure AI Foundry.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced that on December 2, 2024, it entered into separate, privately negotiated subscription agreements pursuant to which Fastly will issue (the “Issuance”) $150.0 million aggregate principal amount of its 7.75% convertible senior notes due 2028 (the “2028 Notes”). Fastly estimates that the gross proceeds from the Issuance will be $150.0 million. Fastly intends to use $150.0 million of the gross proceeds from the Issuance to repurchase approximately $157.9 million aggregate principal amount of its existing 0.00% Convertible Senior Notes due 2026 (the “Existing Convertible Notes”). Additionally, on December 2, 2024, Fastly entered into separate, privately negotiated repurchase agreements with a limited number of holders of its Existing Convertible Notes to repurchase (the “Repurchases” and together with the Issuance, the “Transactions”) approximately $157.9 million aggregate principal amount of the Existing Convertible Notes for aggregate cash consideration of $150.0 million. The Transactions are expected to settle on or about December 5, 2024, subject to customary closing conditions.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, has launched its latest annual Global Security Research Report, revealing a rise in the time it takes businesses to recover from cyber incidents. In 2024, businesses reported taking an average of 7.3 months to recover from cybersecurity breaches - 25% longer than expected and over a month past the anticipated timeline of 5.9 months.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced it has been named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment (doc #S51812424, November 2024). This is the second time Fastly has been named a Leader in an IDC MarketScape report1.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced financial results for its third quarter ended September 30, 2024.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced the general availability of Fastly DDoS Protection to provide automatic protection from Layer 7 and other application-level DDoS attacks. With a click of a button, organizations can enable Fastly DDoS Protection to automatically shield their applications and APIs against highly disruptive data and query floods. Fastly’s DDoS Protection leverages the powerful, proven techniques behind protecting Fastly’s global network from massive DDoS attacks to offer a tailored protection product directly to customers.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, will release financial results for the third quarter of 2024 after market close on Wednesday, November 6, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today released the results of its new survey, “Bot Wars: How Bad Bots are Hurting Businesses,” which revealed 59% of IT professionals reported an increase in bot attacks over the past year, with significant incidents costing companies an average of $2.9 million.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today released the “Fastly Threat Insights Report,” which found 91% of cyberattacks – up from 69% in 2023 – targeted multiple customers using mass scanning techniques to uncover and exploit software vulnerabilities, revealing an alarming trend in attacks spreading across a broader target base. This new report provides the latest attack trends and techniques across the web application and API security landscape.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced financial results for its second quarter ended June 30, 2024.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, will release financial results for the second quarter of 2024 after market close on Wednesday, August 7, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced the launch of Fastly AI Accelerator, the company’s first AI solution designed to create a better experience for developers by helping improve performance and reduce costs across the use of similar prompts for large language models (LLM) apps.

U.S. News & World Report, the global authority in rankings and consumer advice, has named Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, one of the 2024-2025 Best Companies to Work For.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced the addition of Scott R. Lovett as Chief Revenue Officer, effective June 3, 2024. Lovett will lead the global sales and customer success organizations and report to Fastly CEO Todd Nightingale.

In a significant milestone to help organizations get ahead of today’s cyber threats, Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today enhanced its Managed Security Service with coverage of Fastly Bot Management, and an industry-leading 30-minute time-to-notify service level agreement (SLA).

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced financial results for its first quarter ended March 31, 2024.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced it was named a 2024 Gartner® Peer Insights™ Customers’ Choice for Cloud Web Application and API Protection (WAAP) for the sixth consecutive year – and the only vendor to be recognized for six years running.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, will release financial results for the first quarter of 2024 after market close on Wednesday, May 1, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today introduced Fastly Bot Management to help organizations combat automated “bot” attacks at the edge and significantly reduce the risk of fraud, DDoS attacks, account takeovers, and other online abuse. Fastly Bot Management represents an important cybersecurity milestone for the company, building on its proven bot mitigation expertise and capabilities currently available in its Next-Gen WAF.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced Xcelerate 2024, a series of in-person global events developed exclusively to help Fastly’s network of developers, security professionals and business leaders deliver superior digital experiences at the edge.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest edge cloud platforms, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, will release financial results for the fourth quarter of 2023 after market close on Wednesday, February 14, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced the addition of Kip Compton as Chief Product Officer, effective January 2, 2024. Compton will report to Fastly CEO Todd Nightingale.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced it was named a Leader in The Forrester Wave™: Edge Development Platforms, Q4 2023 report, which evaluates software and development platforms that enable developers to build applications that tap into distributed managed infrastructure. Fastly’s Compute platform, formerly known as Compute@Edge, received the highest rating possible (5/5) in 22 criteria, including vision, innovation, roadmap, pricing flexibility and transparency, runtime execution environment and security features criteria.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, has today launched its new annual global cybersecurity report, uncovering the staggering impacts of cyber attacks on leading businesses across the globe, with each of these suffering an average of 46 known cyber attacks this year. This survey also reveals the hugely damaging financial effects of security breaches, with businesses losing 9% of their revenue over the last 12 months as a direct result of the cyber attacks they have suffered. But financial damage is not the only result of cyber attacks. Businesses also highlighted network outages (34%), data loss (29%), web applications being taken offline (24%) and customer account compromises (22%) as the most common damages caused by security breaches.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest edge cloud platforms, today announced financial results for its third quarter ended September 30, 2023.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, will release financial results for the third quarter of 2023 after market close on Wednesday, November 1, 2023. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced two major developments in its domain name API and Transport Layer Security (TLS) capabilities: the acquisition of Domainr, an ICANN-accredited real-time domain availability API provider, as well as general availability of Certainly, Fastly’s publicly-trusted TLS Certification Authority (CA). These developments significantly advance Fastly’s edge cloud platform as well as its mission to foster a global web infrastructure that is more accessible, trusted and secure.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced the publication of its first threat intelligence report, the “Network Effect Threat Report.” Featuring data and insights gathered from the company’s proprietary Network Learning Exchange (NLX), the Network Effect Threat Report showcases the industry-leading accuracy of Fastly’s threat intelligence capabilities and the effectiveness of Fastly’s unified security platform.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest edge cloud platforms, today announced financial results for its second quarter ended June 30, 2023.

Fastly, Inc. (NYSEFSLY), a leader in global edge cloud platforms, today announced two new members to its executive team, as well as a key management promotion. Peter Alexander will be joining Fastly as Chief Marketing Officer (CMO), and Marshall Erwin has joined as Chief Information Security Officer (CISO). Further complementing the management team, Karen Greenstein has been promoted to General Counsel.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, will release financial results for the second quarter of 2023 after market close on Wednesday, August 2, 2023. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, will host its 2023 Investor Day on Thursday, June 22, 2023, beginning at 1:00 p.m. ET. The Investor Day will be held in-person at the New York Stock Exchange and virtually over a live webcast. The event will feature presentations from Todd Nightingale, Fastly’s Chief Executive Officer and several other members of the executive leadership team.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest edge cloud platforms, today announced that it has entered into separate, privately negotiated transactions (the “Agreements”) with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase (the “Repurchases”) approximately $236.4 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $195.0 million. The final aggregate cash repurchase price will be determined based on the sum of (i) approximately $195.0 million based on Fastly’s May 5, 2023 closing stock price of $11.78 per share of Class A common stock (the “common stock”) and (ii) an amount (which may be positive or negative) based in part on the daily volume-weighted average price per share of the common stock during a one-trading day pricing period following the execution of the Agreements. The actual amount of cash paid in the Repurchases could vary from the estimated aggregate repurchase price depending on changes in the trading price of the common stock during the measurement period. The Repurchases are expected to close on May 15, 2023, subject to customary closing conditions. Following the closing of the Repurchases, Fastly intends to cancel the repurchased Notes and, after such cancellation of repurchased Notes, approximately $477.4 million aggregate principal amounts of Notes will remain outstanding. The Repurchases could affect the market price of the common stock.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest edge cloud platforms, today announced financial results for its first quarter ended March 31, 2023.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, will release financial results for the first quarter of 2023 after market close on Wednesday, May 3, 2023. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), one of the world’s fastest global edge cloud platforms, today announced a new partner program that significantly expands and simplifies the ability to deliver high-value, complete solutions through its Global Partner Network. Fastly’s Global Partner Network was recently awarded a 5-star rating by CRN in its 2023 Partner Program Guide.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced it has entered into an agreement with Google LLC NASDAQ: GOOGLNASDAQGOOGL)

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today launched Fastly Managed Security Service, a premier 24/7 threat detection and response service dedicated to helping organizations significantly reduce the risk of web application attacks and associated business costs due to lost transactions. Available to Fastly’s global Next-Gen WAF customers, Fastly Managed Security Service further demonstrates the company’s commitment to helping global marquee customers deliver innovative, secure digital experiences to their users.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud platform, today announced financial results for its fourth quarter and full year ended December 31, 2022.

Fastly, Inc. (NYSEFSLY), today announced it was named a 2023 Gartner® Peer Insights™ Customers’ Choice for Cloud Web Application and API Protection (WAAP) for the fifth consecutive year – and the only vendor to be recognized for five years running.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, will release financial results for the fourth quarter and full year 2022 after market close on Wednesday, February 15, 2023. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced that Puja Jaspal has joined the company as Chief People Officer. Jaspal will report to Todd Nightingale, CEO of Fastly, and will lead all aspects of human resources including global strategy, employee experience, learning and development, talent acquisition, organizational development, compensation and benefits, and Diversity, Equity and Inclusion.

Research released today by Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, finds that nearly three quarters (73%) of organizations worldwide are increasing their cybersecurity spending to protect themselves against future risks. However, despite their increased budget, IT leaders are investing poorly with only 61% of their cybersecurity tools fully active or deployed. In the US, only 67% of cybersecurity tools are fully deployed. Similarly, due to a scattergun approach to cybersecurity implementation, 42% of security tools overlap, protecting organizations against the same threats. And, when these tools do run, they often suffer from too many false positives. For example, 38% of alerts detected by organizations’ Web Application Firewalls (WAFs) are false positives.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, is launching a new product line for Edge Observability today, enhancing its delivery of advanced edge and origin visibility, analytics and more. By expanding existing real-time logging and metrics functionality, Fastly gives its customers the ability to build their own observability systems by surfacing real-time and historical data in a single pane of glass. Fastly customers can now interpret data and take quick meaningful action using near-instant deployment times.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced the relaunch of its industry-leading Open Source and Nonprofit Program as “Fast Forward,” with a renewed focus on building community among the builders and maintainers of an internet that is faster, safer, and more inclusive. The announcement was made at Altitude, Fastly’s annual flagship customer conference.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced that management will be participating in fireside chats at the following investor conferences:

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud platform, today announced financial results for its third quarter ended September 30, 2022.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, will release financial results for the third quarter 2022 after market close on Wednesday, November 2, 2022. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced it was named a Challenger in the 2022 Gartner Magic Quadrant for Web Application and API Protection (WAAP).

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud platform, today announced financial results for its second quarter ended June 30, 2022.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced that the Board of Directors has appointed Todd Nightingale as the company’s next Chief Executive Officer, effective September 1, 2022. Nightingale will also join the Fastly Board of Directors upon assuming the role. He will succeed Joshua Bixby, who, as previously announced, will step down as CEO and from Fastly’s Board of Directors. Bixby will remain with Fastly as an advisor.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, today announced a reseller partnership with HUMAN Security, Inc. The Fastly-HUMAN partnership will offer customers industry-leading bot protection as well as fraud and account abuse prevention to keep cybercriminals out of their online applications and services.

Fastly, Inc. (NYSEFSLY) and Mercedes-AMG PETRONAS Formula One Team, eight-time consecutive FIA Formula One™ World Constructors’ Champions, today announced that the world’s fastest global edge cloud platform is now an official global sponsor. The long-term partnership reflects the companies’ shared commitment to experiences that are fast, safe, and leading edge – both on the track and on the internet.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud platform, will release financial results for the second quarter 2022 after market close on Wednesday, August 3, 2022. Fastly will host an investor conference call that day to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET.

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud platform, today announced that it has entered into separate, privately negotiated transactions (the “Agreements”) with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase (the “Repurchases”) approximately $235.0 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $176.2 million. The final aggregate cash repurchase price will be determined based on the sum of (i) approximately $176.2 million based on Fastly’s May 23, 2022 closing stock price of $11.85 per share of Class A common stock (the “common stock”) and (ii) an amount (which may be positive or negative) based in part on the daily volume-weighted average price per share of the common stock during a one-trading day pricing period following the execution of the Agreements. The actual amount of cash paid in the Repurchases could vary from the estimated aggregate repurchase price depending on changes in the trading price of the common stock during the measurement period. The Repurchases are expected to close on May 31, 2022, subject to customary closing conditions. Following the closing of the Repurchases, Fastly intends to cancel the repurchased Notes and, after such cancellation of repurchased Notes, approximately $713.8 million aggregate principal amounts of Notes will remain outstanding. The Repurchases could affect the market price of the common stock.

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud platform, today announced it has acquired Glitch, a developer platform where more than 1.8 million developers innovate, create, and share full-stack web apps without having to run the infrastructure or manage tools themselves.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced that it has elected to postpone the Investor Day previously scheduled for May 12, 2022. The decision to postpone is the result of the current volatility in the overall markets coupled with the CEO transition announced last week. The postponement is not related to any change in the company’s operations or financial results. Fastly will announce a new date for the Investor Day at the appropriate time.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced it has been peer-recognized as a Customers’ Choice in the 2022 Gartner Peer Insights “Voice of the Customer”: Global CDN. Scoring the highest overall rating among seven eligible vendors, Fastly received the highest customer rating of 4.8 out of 5 stars and highest customer willingness to recommend (97%), as of February 2022.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced that the Board of Directors has initiated a search to identify the next CEO to lead the company through its next phase of growth. Once a successor is appointed, current Chief Executive Officer Joshua Bixby will step down as CEO and from the Fastly Board of Directors.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced financial results for its first quarter ended March 31, 2022.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, will host its 2022 Investor Day on Thursday, May 12, 2022, beginning at 1:00 p.m. ET. The Investor Day will be held in-person at the New York Stock Exchange and virtually over a live webcast. The event will feature presentations from Joshua Bixby, Fastly’s Chief Executive Officer, and several other members of the executive leadership team.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, will release financial results for the first quarter 2022 after market close on Wednesday, May 4, 2022. Fastly will host an investor conference call that day to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET.

Fastly, Inc. (NYSEFSLY), the world’s fastest edge cloud network provider, today announced its acquisition of Fanout, a platform that makes it easy to build and scale real-time and streaming APIs such as live chat support, ecommerce, video streaming, gaming, collaborative editing, and more. The acquisition is part of Fastly’s broader growth strategy to identify and deploy technologies and talent that increase performance, security and innovation for customers.

Fastly, Inc. (NYSEFSLY), today announced it was named a March 2022 Gartner Peer Insights Customers’ Choice for Web Application and API Protection (WAAP) for the fourth consecutive year. In a review completed by verified enterprise customers, Fastly Next-Gen WAF was recognized as one of the highest rated Web Application Firewall solutions among customers who have purchased, implemented, and used a WAF. Pulled from an aggregate set of reviews, enterprise IT professionals gave Fastly Next-Gen WAF (powered by Signal Sciences) an average of 4.9 out of 5.0 stars – an exceptional overall rating in the WAAP market on Gartner Peer Insights.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced it has been named a Leader in the IDC MarketScape: Worldwide Commercial Content Delivery Network 2022 Vendor Assessment.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced financial results for its fourth quarter and full year ended December 31, 2021.

Fastly, Inc. (NYSEFSLY), the world’s fastest global edge cloud network provider, today announced the launch of the edge deployment option for the Fastly Next-Gen WAF (powered by Signal Sciences). This marks a key milestone in integrating Signal Sciences’ award-winning trusted web application firewall (WAF) technology with Fastly’s edge cloud network.