Fastly Requests to Dismiss Class Action Filed by Investors
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Court: N.D. California
Case: 4:24-cv-03170
Fastly has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.
On May 1, 2024, Fastly reported first-quarter 2024 revenue of $133.52 million, missing consensus estimates by $0.35 million. The company also lowered its full-year 2024 revenue guidance to a range of $555 million to $565 million, significantly below its previously issued guidance of $580 million to $590 million.
Following this announcement, 
FSLY dropped over 32%.
Then, on May 24, 2024, shareholders filed a claim against Fastly.
We’re keeping track of all updates and will notify FSLY investors about potential recovery.