Cloud Computing Giant Fastly Struggles to Regain Footing
Fastly’s (NYSE:FSLY) stock has plummeted a staggering 57% in 2024, largely due to its consistent failure to meet earnings expectations. The cloud computing services provider is also grappling with customer retention issues, which have led to slowing revenue growth. Despite these challenges, some investors remain optimistic about the company’s potential for a turnaround.
Note: The author of this article has a long position in FSLY and is not receiving compensation for this article beyond what is provided by Seeking Alpha. The views expressed are solely those of the author and do not reflect the opinions of Seeking Alpha as a whole.
Leave a Reply