Fastly stock sinks 29% after-hours after AI and security revenue miss

11 articles · Updated · Barron's · May 6

First-quarter security revenue rose 47% to $34.9 million but missed the $36.9 million consensus, even as revenue beat forecasts at $173.02 million and earnings reached 13 cents a share.
The shares extended a 2.4% regular-session fall, despite Fastly reporting 634 large customers, up 39% year on year, and issuing second-quarter guidance above Wall Street estimates.
Fastly also raised its full-year profit and revenue outlook, but the sharp reversal hit a stock that had surged 210% this year on optimism around AI-driven traffic.

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