Fastly is trading at $23.42 (-10.03%) after investors sold the news following strong second-quarter results.
- Q2 revenue reached $183.3 million, up 23%, while adjusted EPS beat estimates at $0.15.
- Despite raised full-year guidance, investors appear focused on valuation and whether growth can sustain, sending shares lower overnight.
- Nasdaq weakness may add pressure, but the earnings reaction is the primary catalyst.