Fastly, Inc. (FSLY) Tops Q1 EPS by 1c, provides guidance

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Fastly, Inc. (FSLY) double-downgraded at BofA on risk of further guidance cuts

May 2, 2024 12:57 PM EDT

BofA double-downgraded Fastly, Inc. (NYSE: FSLY) to Underperform from Buy, slashing the price target for the stock to $8 from $18 per share in a note Thursday.

The investment bank told investors there is a risk of further guidance cuts. Fastly shares tumbled more than... More