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Fastly shares drop 40% post-earnings despite beat due to growth and customer concerns

Analyst Insights
10 Nov 2026, 01:17 WIB
Seeking Alpha
View Source
Bullish
Fastly shares drop 40% post-earnings despite beat due to growth and customer concerns

Fastly's stock fell sharply by about 40% after its latest earnings report, despite beating expectations and raising guidance. The selloff was driven by worries over slowing growth and customer concentration risks. However, the company shows promise with AI-driven network traffic, improving gross margins in the mid-60% range, and steady free cash flow. The focus on expanding its security offerings and platform scaling could boost future revenue and valuation, supporting a "Buy" rating from the analyst.

Fastly Inc trades at USD 16.04 on Pluang as of Nov 10, 2026 06:21 WIB, up 1.20% in the last day. The stock's market cap stands at $2.56 billion with a 52-week range from $7.96 to $33.50. Pluang users show a 57% sell and 43% buy order split, reflecting mixed sentiment despite recent analyst optimism.

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