Friday, August 6, 2021

Why Fastly Stock Is Falling This Week

Shares of Fastly (NYSE: FSLY) are tumbling this week after the company reported second-quarter results on Aug. 4 that missed some analysts' consensus estimates. Investors also reacted to several analysts lowering the stock's price target. Investors were disappointed that the company's second-quarter revenue of $85 million missed analysts' consensus estimate of $85.7 million.

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