The Latest Breaking News from Fastly

The stock market rally struggled late in the week as hot inflation and other economic data took a toll. Tesla, Shopify, Airbnb moved on news.

The stock market keeps rallying through potential headwinds. Shopify, Roku and Cisco led earnings movers late.

Content delivery network and software company Fastly (FSLY) reported revenue growth of nearly 20.7% in its last quarterly release. However, the stock has slumped nearly 64% in price year-to-date. So, let's evaluate if it is worth adding the stock to one’s portfolio now. Read on.

Fastly, Inc (NYSE:FSLY) agreed to repurchase $235 million of its outstanding 0% Convertible Senior Notes due 2026 for $176.2 million in cash, implying a 25% discount. The repurchase price is based on Fastly's May 23 closing price of $11.85. The transaction is likely to close on May 31, leading to the cancellation of…

Although Fastly Inc (NYSE: FSLY) reported a sales beat for the first quarter, its losses were higher than Street expectations.

Fastly (NYSE:FSLY) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Fastly missed estimated earnings by 7.14%, reporting an EPS of $-0.15 versus an estimate of $-0.14.

Fastly Inc (NYSE:FSLY) is surging on a speculative rumor that it could be a takeover target by Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). A company like Google could acquire Fastly to improve its content delivery network, the Deal.com reported. Fastly operated a content delivery network to help entities provide faster and more reliable online content. Fastly reported…

Shares of technology and software companies, including Advanced Micro Devices, Inc. (NASDAQ: AMD), NVIDIA Corporation (NASDAQ: NVDA) and Fastly Inc (NYSE:

Raymond James upgraded Fastly Inc (NYSE:FSLY), noting shares overreacted to management's recently issued 2022 revenue guidance. Analyst Frank Louthan raised his rating to Strong Buy from Outperform. Louthan noted that the recent decline in shares is likely due to revenue guidance provided by management, with bears believing it "is a sign that some mix of pricing…

Earnings disasters in the growth technology sector are still coming in. The latest victim is Fastly Inc. (NYSE: FSLY), which is getting hammered in Thursday’s session following its fourth-quarter earnings report that was accompanied by lower guidance.

Fastly Inc (NASDAQ: FSLY) shares are trading lower by 31.42% at $19.81 in Thursday's pre-market session after the company reported fourth-quarter earnings results and issued first-quarter and FY22 guidance.