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Fastly Inc (NASDAQ:FSLY) shares are tumbling in Wednesday’s after-hours session on the heels of the company’s first-quarter results. Here’s what investors need to know.
- Fastly stock is feeling bearish pressure. What’s behind FSLY decline?
Fastly Q1 Earnings Highlights
- Q1 Revenue: $173.02 million, versus estimates of $170.26 million
- Q1 Adjusted EPS: 13 cents, versus estimates of eight cents
Total revenue was up 20% on a year-over-year basis. The Network Services segment grew 11% year-over-year, Security grew 47% year-over-year and Other revenue was up 67%.
“Driven by an accelerated innovation …
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