FSLY - FSLY Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Fastly Inc. - Contact Kessler Topaz Meltzer & Check LLP | Benzinga
RADNOR, Pa., June 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Fastly, Inc. ("Fastly") (NYSE:FSLY). The action charges Fastly with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Fastly's materially misleading statements and omissions to the public, Fastly's investors have suffered significant losses.
If you suffered Fastly losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/fastly-inc?utm_source=PR&utm_medium=link&utm_campaign=fsly&mktm=r
You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com. The lead plaintiff deadline is July 23, 2024.
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DEFENDANTS' ALLEGED MISCONDUCT
On February 14, 2024, Fastly issued a press release providing full year ("FY") 2024 revenue guidance in a range of $580 million to $590 million. In that same press release, Fastly's CEO was quoted stating, "[t]his quarter demonstrated the progress we've made in operational and financial rigor resulting in strong gross margins and non-GAAP net income," and "[o]ur go-to-market, packaging and channel efforts through ...