Fastly Prices $160 Million Convertible Notes Offering, Plans to Repurchase 2026 Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
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Source: Newsfilter
- Increased Offering Size: Fastly has raised the size of its convertible notes offering from $125 million to $160 million, with estimated net proceeds of approximately $153.8 million, enhancing the company's capital structure to support future growth initiatives.
- Flexible Bond Terms: The notes will mature in 2030 with an initial conversion price of $15.26 per share, representing a 32.5% premium over the current stock price, providing investors with potential capital appreciation opportunities.
- Repurchase Plan Execution: Fastly intends to use approximately $148.9 million to repurchase $150 million of its 2026 convertible notes, aiming to reduce future interest burdens and optimize its debt structure.
- Risk Management Strategy: By entering into capped call transactions with financial institutions, Fastly aims to mitigate potential equity dilution risks while providing flexibility for future debt conversions, thereby enhancing market confidence.
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Analyst Views on FSLY
Wall Street analysts forecast FSLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSLY is 11.70 USD with a low forecast of 10.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
2 Buy
7 Hold
1 Sell
Hold
Current: 9.920
Low
10.00
Averages
11.70
High
14.00
Current: 9.920
Low
10.00
Averages
11.70
High
14.00
About FSLY
Fastly, Inc. provides a programmable edge cloud platform that helps the world’s brands deliver online experiences through edge compute, delivery, security, and observability offerings, improving site performance, and enhancing security at a global scale. The Company enables developers to deliver secure Websites and apps. The edge cloud is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. The Company’s products and services includes Programmable Edge Platform, Network Services, Security, Compute, Observability, and Services. Its Network services include content delivery network, video / streaming, load balancing, image optimization, and origin connect. Its Security service includes Next-Gen WAF, bot management, DDoS protection, and others. The Company’s professional services include network services, managed security service, and response security service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Fastly CTO Artur Bergman Sells 40,000 Shares for $409,200
- Executive Sale: Fastly's CTO Artur Bergman sold 40,000 shares for approximately $409,200 on December 29, 2025, reflecting his trading capacity after a sustained reduction in direct holdings, indicating confidence in the company's future.
- Holding Status: Post-transaction, Bergman retains 2,730,579 shares directly and 4,450,249 shares indirectly through six trust entities, demonstrating a continued positive outlook on Fastly's long-term growth.
- Market Performance: Fastly's stock reached a 52-week high of $12.59 shortly before Bergman's sale, driven by the company's record revenue of $158.2 million in Q3, a 10.9% increase from the previous year, despite an operating loss of $28.8 million.
- Trading Plan: The sale was executed under an established Rule 10b5-1 trading plan, indicating that Bergman's transaction was not based on insider information but rather a strategic asset allocation during a period of rising stock prices.
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