Fastly is trading at $17.67, down 16.00% in pre-market on November 5, following Q4 guidance that implies slower growth; reporting has not established a definitive reason for the selloff.
- Shares closed at $21.04 on November 4.
- Fastly’s November 4 earnings release reported revenue and adjusted EPS above estimates and raised full-year guidance.
- Coverage also cited possible investor concern about the outlook and a planned senior sales leadership transition.