Fastly Issues $160M Convertible Notes with Capped Call

Fastly ( (FSLY) ) just unveiled an announcement.

On December 9, 2025, Fastly, Inc. issued $160 million in 0% Convertible Senior Notes due 2030, with an option for initial purchasers to acquire an additional $20 million. These notes are senior unsecured obligations and will mature on December 15, 2030, with various conversion and redemption options available to noteholders. Concurrently, Fastly entered into capped call transactions to mitigate potential stock dilution from note conversions and used proceeds to repurchase $150 million of its 2026 notes, potentially impacting the trading price of its Class A Common Stock.

The most recent analyst rating on (FSLY) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Fastly stock, see the FSLY Stock Forecast page.

Spark’s Take on FSLY Stock

According to Spark, TipRanks’ AI Analyst, FSLY is a Neutral.

Fastly’s overall stock score reflects a mixed financial performance with significant profitability challenges, offset by positive earnings call results and strategic corporate events. Technical indicators suggest some upward momentum, but valuation remains a concern due to ongoing losses. The strategic move to Nasdaq and strong earnings performance are key positive factors.

To see Spark’s full report on FSLY stock, click here.

More about Fastly

Fastly, Inc. operates in the technology industry, providing edge cloud platforms that enable developers to build, secure, and deliver digital experiences quickly and securely. Its primary products and services include content delivery networks, edge computing, and security solutions, with a market focus on enhancing internet performance and security for enterprises.

Average Trading Volume: 4,487,763

Technical Sentiment Signal: Buy

Current Market Cap: $1.57B

Learn more about FSLY stock on TipRanks’ Stock Analysis page.