Why Fastly Stock Plunged Today
Shares of Fastly (NYSE: FSLY) fell 17.7% on Thursday following the edge cloud computing platform's second-quarter earnings results.
Fastly's revenue surged 62% year over year to $75 million, fueled by new customer additions and higher sales to existing clients. That was above Wall Street's expectations for revenue of $71.4 million.
Fastly's stock sold off sharply on Thursday despite the company's solid Q2 growth metrics. Image source: Getty Images.
Source Fool.com
