FSLY - Kirby McInerney LLP Reminds Fastly Inc. (FSLY) Investors of Class Action Filing and Encourages Investors to Contact the Firm | Benzinga

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Fastly, Inc. ("Fastly" or the "Company") (NYSE:FSLY) securities during the period of February 15, 2024 to May 1, 2024, inclusive ("the Class Period"). Investors have until July 23, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

[Click here to learn more about the class action]

On May 1, 2024, Fastly announced its first quarter 2024 results. Despite the Company's positive statements just weeks about its performance and near-term business prospects, Fastly reported revenue of only $133.52 million, missing consensus estimates by $0.35 million. The Company also lowered its fiscal year 2024 revenue guidance to a range of $555 million to $565 million, significantly below its previously issued FY 2024 revenue guidance of $580 million to $590 million, and likewise below consensus estimates of $584.62 million for the same period.

That same day, Fastly ...

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