Fastly (FSLY) Dips More Than Broader Markets: What You Should Know

Fastly (FSLY) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

Fastly (FSLY) closed at $31.77 in the latest trading session, marking a -1.15% move from the prior day. This move lagged the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.

Fastly (FSLY) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the cloud software developer had lost 25.62% over the past month, lagging the Computer and Technology sector’s loss of 1% and the S&P 500’s gain of 3.67% in that time.

Wall Street will be looking for positivity from Fastly as it approaches its next earnings report date. On that day, Fastly is projected to report earnings of -$0.16 per share, which would represent a year-over-year decline of 77.78%. Meanwhile, our latest consensus estimate is calling for revenue of $93.1 million, up 12.65% from the prior-year quarter.

Investors should also note…

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