Why Fastly Stock Crashed 19.5% in November
Shares of Fastly (NYSE: FSLY) crashed 19.5% in November, according to data from S&P Global Market Intelligence. The edge cloud platform posted better-than-expected earnings results for the third quarter but still saw its share price decline sharply in the period.
Fastly sells cloud computing power at the "edge" of the cloud, which at its most basic level means closer to the end user's computing device such as a smartphone. Customers pay Fastly for these services to help speed up their applications for customers, which can get slower if only utilizing cloud datacenters in centralized or far away places.
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Source Fool.com
