Fastly Stock Dives 32% Amidst Lowered Guidance and Mixed Quarter Results
Thursday, 2 May 2024, 21:07
Fastly's Revenue Falls Short of Expectations
Fastly's Q1 performance saw a 13.6% revenue increase year over year, but it missed analyst estimates. The edge-computing specialist's expectations for the future market remain uncertain.
Fastly's New Guidance Raises Concerns
The company's lowered second-quarter and full-year sales outlook signal potential hurdles ahead. Analysts react cautiously to Fastly's latest developments.
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