Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Fastly Stock Is Falling This Week

TheMotleyFool

0 0

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

Like: 0

FSLY

Share