Fastly

fastly.com →

-4%

est. 2Y upside i

DevOps & InfraCybersecurityIPO

Edge cloud platform for content delivery security and compute

Rank

#3991

Sector

Edge Cloud Platform, Security, CDN

Est. Liquidity

~0Y

Data Quality

Data: High

Fastly presents a risky equity opportunity with an expected downside over a two-year horizon, primarily due to intense competition from larger incumbents and a valuation that some analysts consider stretched.

Last updated: March 10, 2026

Bull (13%)+100%

Fastly significantly expands its market share in cloud security and edge computing, driven by strong adoption of its AI-powered solutions and successful cross-selling to its enterprise customers. This leads to sustained revenue growth above 20% YoY, pushing the valuation to $6.2B (2x current) as the company achieves consistent GAAP profitability and a premium multiple.

Base (41%)+10%

Fastly maintains its current growth trajectory of 12-15% YoY, continuing to expand its security and edge computing offerings while facing intense competition in the CDN market. The company sustains non-GAAP profitability and positive free cash flow, leading to a modest valuation increase to approximately $3.41B over two years, in line with analyst 'Hold' ratings.

Bear (46%)-45%

Dominant incumbents like Cloudflare, AWS, and Akamai intensify competition, leading to significant price compression in Fastly's core CDN and security segments. Growth slows below 10% YoY, and the company struggles to achieve consistent GAAP profitability, resulting in a valuation contraction to approximately $1.705B, wiping out a substantial portion of common stock value.

Est. time to liquidity~0.0 years

Adjusted for competitive dynamics: -24% (raw: -4%, adjustment: -20%)

Preference Stack Risk

high

Funding Intensity

19%

Investors hold $599M in liquidation preferences ahead of common stock, representing 19.32% of the current $3.1B valuation.

Dilution Risk

moderate

As a public company, dilution primarily stems from equity compensation and potential future convertible debt or equity raises; Fastly recently issued $160M in convertible senior notes in late 2025.

Secondary Liquidity

active

Fastly is a publicly traded company (NASDAQ: FSLY), so its shares are actively traded on the open market.

Other — 56 roles

APAC CSOC Manager · Melbourne, Australia
APJ Deal Desk Manager · Singapore, Singapore
Billing Specialist · Pune, India
+53 more →

View all 56 open roles at Fastly →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Fastly's data — designed to show you've done your homework.

1
“Given the high incumbent threat from major cloud providers and established CDNs, how does Fastly plan to differentiate its offerings and defend its market share in both network services and security over the next two years?”
2
“Fastly's security revenue growth is a strong upside driver. What specific product roadmap and go-to-market strategies are in place to sustain this acceleration and increase its contribution to overall revenue beyond 21%?”
3
“With a funding intensity of 19.3% and a current market cap of approximately $3.1B, how does Fastly envision its path to a significant liquidity event for employees holding common stock or options, considering the existing preference stack?”