Don’t Abandon Fastly Stock Just Yet, Says Analyst

Wall Street is a fickle place. The very investors that put a stock on a pedestal can pull it down to terra firma in no time. Just look at Fastly (FSLY).Until mid-October, the edge computing services provider had been one of 2020’s strongest performers, rising by more than 500%. However, Fastly let investors down when it announced preliminary Q3 results midway through October, lowering its previous estimates for the quarter, after which shares duly plunged.The violent selloff continued for most of last week, in tandem with the broader market’s decline. Fastly stock is now down by 52% since peaking at …read more

Source:: Yahoo Finance


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