Why Fastly Stock Plunged After the Company Released Earnings

Why Fastly Stock Plunged After the Company Released Earnings Guidance


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Equipped with its 15-year experience as a former IT engineer, Herve covers the tech sector. When he's not busy writing about cybersecurity, cloud computing, and other fascinating technologies, he enjoys running and traveling.
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In a downward spiral for the last few months,
Fastly's (NYSE:FSLY) stock can't seem to catch a break. Despite the raised full-year revenue outlook on strong anticipated demand for the company's content delivery network (CDN) services in the second half of the year, the stock price plunged by roughly 27% following the earnings release on May 5. It's now trading more than 60% below its year-ago all-time high.

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