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Here's Why Fastly's Shares Are Falling Today

TheMotleyFool

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Here's Why Fastly's Shares Are Falling TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of Fastly (NYSE: FSLY), an edge cloud computing platform company, were falling today after its stock received a downgrade. The company's stock fell by as much as 7.2% during morning trading.

As of 10:51 a.m EDT, Fastly's stock was down 5.2%.

Some Fastly investors were spooked today as Bank of America (BofA) Securities analyst Tal Liani downgraded the company's stock from buy to underperform. Liani noted that Fastly's current valuation assumes the company will have "near-perfect execution."

Source Fool.com

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