NasdaqGS:FSLYIT
Fastly (FSLY) Stock Falls As Profit Spike Meets Durability Doubts
Fastly entered this earnings day on a strong short run, with the stock up over the past week and month, then hit a wall. The share price fell about 13% to US$22.68 as investors reacted fast to the headline numbers.
The shock is that this edge cloud stock just printed what looks like a clean profitability step change. Revenue for Q2 came in at US$183.3m and Fastly delivered a net income of US$26.2m alongside record gross and operating margins. The market is treating that as a blip. The results...