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S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Why Fastly Stock Is Falling Today

Chris Neiger, The Motley Fool
·2 min read
Why Fastly Stock Is Falling Today

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. In a press release, CEO Joshua Bixby said, "We are pleased to continue our revenue momentum into 2022, exceeding the top end of our guidance range and representing another record revenue quarter, further demonstrating Fastly's value with our existing and new customers."

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