How Will the Market React to Fastly Inc (FSLY) Stock Getting a Bearish Rating

Overall market sentiment has been down on Fastly Inc (FSLY) stock lately. FSLY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Fastly Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FSLY!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With FSLY Stock Today?

Fastly Inc (FSLY) stock is up 0.13% while the S&P 500 is down -1.09% as of 10:10 AM on Friday, Oct 14. FSLY is up $0.01 from the previous closing price of $7.77 on volume of 482,954 shares. Over the past year the S&P 500 is down -16.82% while FSLY is down -82.23%. FSLY lost -$1.64 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Fastly Inc click here.

More About Fastly Inc

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focused on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly has far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated about two thirds of its revenue in the United States in 2020. Click Here to get the full Stock Report for Fastly Inc stock.