Fastly, Inc. (FSLY) will move its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market, with trading on the new exchange scheduled to begin on December 9, 2025. The company will keep its ticker symbol, "FSLY", on Nasdaq.
Fastly’s Q3 2025 financial results, released the same day, showed revenue of $158.2 million, up 5.5% year‑over‑year, and earnings per share of $0.07 versus a consensus estimate of a $0.0009 loss. The $0.07 beat—$0.07 higher than expected—was driven by a 30% year‑over‑year increase in security services, which now account for 21% of total revenue, and a 7% rise in other segments such as compute and observability.
Gross margin improved to 54.95% from 52.6% in 2023, reflecting stronger pricing in high‑margin security and observability services. Operating margin narrowed to –23.21% from –25% in the prior year, indicating disciplined cost management amid continued investment in growth initiatives.
CEO Kip Compton said the Nasdaq move aligns Fastly with a technology‑focused market, supporting its transformation and growth strategy. The listing change is expected to enhance visibility among growth‑oriented investors and improve access to capital for future expansion.
In pre‑market trading, the stock advanced 1.2%. Analysts raised their price targets—RBC Capital to $9.00, Piper Sandler to $10.00, and DA Davidson to $11.50—citing confidence in the security segment’s growth and the company’s improved operating discipline.
The transition to Nasdaq is part of a broader strategy to position Fastly among innovative technology companies, potentially strengthening its capital‑raising capabilities and aligning with investor expectations for high‑growth firms.
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