Fastly shares are trading lower after the company issued FY24 and Q3 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fastly shares are trading lower after the company issued FY24 and Q3 guidance below estimates.
August 07, 2024 | 8:40 pm
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NEGATIVE IMPACT
Fastly shares are trading lower due to the company's FY24 and Q3 guidance falling below market estimates.
The lower-than-expected guidance for FY24 and Q3 suggests potential challenges in Fastly's business outlook, leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100