Why Fastly Stock Is Falling Today
Shares of Fastly (NYSE: FSLY), a content delivery network company, were tumbling today after management reported second-quarter results that disappointed investors. Fastly beat analysts' top-line consensus estimate, but earnings fell short of Wall Street's expectations.
As a result, the tech stock fell by 9% as of 10:39 a.m. ET on Thursday.
Second-quarter revenue was $102.5 million, which was an increase of 21% from the year-ago quarter and surpassed analysts' average estimate of $101.3 million.
Source Fool.com