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Why Fastly Stock Is Falling This Week

TheMotleyFool

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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. The tech stock is down 16.5% so far this week.

Investors were disappointed that the company's second-quarter revenue of $85 million missed analysts' consensus estimate of $85.7 million. Additionally, management issued third-quarter guidance that was below Wall Street's estimates.

Image source: Getty Images.

Source Fool.com

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