Fastly's stock fell 8% following its Investor Day, despite a 164% gain year-to-date, as investors reacted to the company's ambitious but long-term revenue targets tied to AI and security growth by 2029. The decline appears to be profit-taking after a strong rally, with the market seeking more immediate proof of growth before fully pricing in the outlook. Peer companies like Cloudflare and Datadog showed stable trading, indicating the drop is specific to Fastly rather than the broader cloud sector. Investors will watch Fastly's upcoming Q3 earnings for signs of sustained growth and margin improvement to validate the multi-year plan.
As of Sep 24, 2026 21:11 WIB, Fastly's stock on Pluang is down 7.55% at USD 27.41, reflecting the profit-taking after its strong year-to-date rally. Meanwhile, Cloudflare trades higher by 1.51% at USD 357.77, showing steadier investor confidence. Datadog remains nearly flat with a slight 0.10% decline, highlighting that the sell-off is specific to Fastly rather than the broader cloud sector. Fastly's market cap stands at $4.72 billion on Pluang.
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RBC Capital assigned Fastly a "Sector Perform" rating, signaling a neutral investment outlook. Fastly aims to grow its revenue to $1.1-$1.3 billion by 2029, driven by steady operational improvements and a $22 billion market opportunity. The company i...
Fastly's shares dropped 7% over two days following its Investor Day, despite a strong 138% gain year-to-date. The company outlined a platform strategy targeting $1.3 billion revenue by 2029, focusing on security and AI-related products. The sell-off ...
Fastly reported record Q2 2026 revenue of $183.3 million, up 23% year-over-year, and non-GAAP EPS of $0.15, both exceeding analyst expectations. The company raised its 2026 revenue guidance to $739 million and EPS to $0.52, citing improved operating ...
Fastly's stock fell 7% following its Investor Day event despite no negative news, suggesting profit taking after a strong prior run. Meanwhile, peers Cloudflare and Akamai saw their shares rise, indicating the sell-off was specific to Fastly rather t...
