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Why Fastly Stock Is Falling Today

TheMotleyFool

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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

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