Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.51, read 2026-10-27
Ethical passes the values gate
Price27.37 USD
Fair value21.81
Ethical score70.0/100
Our investment reviews on this name
2026-10-28Read Markup23.30+17.5% to today ✓Distribution gives way to Markup after a 7% slide in 7 days
2026-10-21Read Distribution25.07+9.2% to today Markup gives way to Distribution after a 21% rise in 12 weeks
2026-07-30Read Markup20.72+32.1% to today ✓Distribution gives way to Markup after a 12% rise in 4 weeks
2026-07-02Read Distribution18.55+47.5% to today First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Fastly, Inc. holds its Markup at $27.37. Consolidating, no directional conviction, held for 53 days.
As held on the ledger · 2026-10-27
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 53 days
Price at the screen
$27.37
Valuation
N/A trailing · 36.28 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.31
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
28.69%
Below 33%
Interest-bearing debt is just 28.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
12.08%
Below 33%
Cash held in interest-bearing accounts and securities is 12.1% of assets, under the one-third limit.
Pass
Receivables
19.91%
Below 49%
Money owed to the company is 19.9% of assets, under the 49% limit.
Pass
Revenue purity
1.97%
Below 5%
Only 2.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Fastly, clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 29%, inside the ~33% line, and interest is about 2% of its income, under the ~5% line, so it passes.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when FSLY's ethical verdict changes
Today FSLY passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Fair value range in USD, drawn from the 2026-10-27 screen. The gold marker is the market price at the same screen. The price runs 6.4% above the base estimate.
Third-party analyst targets: 11 covering, consensus Buy. The average target sits +2% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-27 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Edge platform still paying for growth
Picture a developer pushing code live and needing it to load instantly in Tokyo or Berlin without a central server bottleneck. Fastly built the pipes for that kind of speed, yet the business still burns cash while revenue grows only 20 percent. At 52.5 times forward earnings the market is paying a premium for a company that posted a 16 percent negative profit margin and negative 11 percent return on equity.
We pass because the numbers do not support the price. Fair value sits 21 percent below the current level and the opportunity rating is none, even though the ethical screen clears. High multiples on unprofitable growth leave little room for the execution slips common in this corner of infrastructure software.
The main risks are continued losses and the chance that bigger cloud providers simply absorb the edge workload. Analyst targets sit higher, yet those forecasts have not yet translated into sustainable returns for shareholders. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FSLY trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-28Markup · changed$23.30-7.1%Entry 9
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 7.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 14.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 8% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24. Insiders have been net sellers over the past quarter.
2026-10-14Markup$29.30+6.9%Entry 7
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 6.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 19% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24. Insiders have been net sellers over the past quarter.
2026-10-02Markup$27.42+17.7%Entry 6
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 17.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24. Insiders have been net sellers over the past quarter.
2026-08-30Markup$23.29+12.4%Entry 5
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 12.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24.
2026-07-30Markup · changed$20.72+11.7%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 11.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24.
2026-07-18Distribution$18.55+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 127%. Our forward projection puts the odds of a 10% gain over the next month near 37%. The street (8 analysts) rates it buy, with a mean price target of $24.
2026-07-03Distribution$18.55+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Distribution$18.55Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.