NasdaqGS:FSLYIT
Fastly Turnaround Raises Questions On AI Growth And Litigation Risks
Fastly reported strong fourth quarter results and its first profitable year, marking a major business turnaround.
Growth in network services, security, and AI related demand contributed to record performance in key parts of the business.
The company is increasing its involvement in agentic AI markets while securities litigation related to alleged misrepresentation by the former CEO continues.
Fastly, traded as NasdaqGS:FSLY, sits at a current share price of $18.26 after a sharp move, with...