|Bid||66.01 x 800|
|Ask||66.20 x 1400|
|Day's Range||66.03 - 71.30|
|52 Week Range||10.63 - 136.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||85.40|
After an analyst tagged the edge-computing specialist with a sell rating, some traders apparently took his advice.
Fastly, Inc. (NYSE: FSLY), announced today the pricing of $825 million aggregate principal amount of 0% Convertible Senior Notes due 2026 (the "notes") in a private placement (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Fastly has increased the size of the offering from $750 million to $825 million (or $948.75 million if the initial purchasers’ option to purchase additional notes is exercised in full as described in following paragraph).
Shares of Fastly (NYSE: FSLY) dipped as much as 5% today after the company announced a convertible note offering. Fastly is looking to raise an additional $750 million in fresh capital. The edge cloud technology company, which offers content delivery network (CDN) services, said it has proposed a private placement of $750 million worth of convertible notes that will be due in 2026.