Core Viewpoint - The article discusses a class action lawsuit against Fastly, Inc. (NYSE: FSLY) alleging that the company made materially false and misleading statements regarding its growth and financial outlook during a specified class period [2][4]. Group 1: Allegations - The complaint claims that Fastly misrepresented its growth, stating that it was experiencing a significant deceleration in growth among its largest customers and was losing market share gained from the 2023 content delivery network consolidation trend [2]. - It is alleged that these issues would likely have a material negative impact on the company's revenue growth and that Fastly was unlikely to meet its previously issued revenue guidance for FY 2024 [2]. - The lawsuit asserts that the company's financial position and prospects were overstated, making its public statements materially false and misleading at all relevant times [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased FSLY shares during the class period (February 15, 2024, to May 1, 2024) are encouraged to register for the class action, with a deadline to seek lead plaintiff status by July 23, 2024 [3][6]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [3].

NEW YORK, June 28, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fastly, Inc. (NYSE: FSLY). Shareholders who purchased shares of FSLY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/fastly-loss-submission-form/?id=87831&from=4 ALLEGATIONS: The complaint alleges that during ...

To join the Fastly class action, go to https://rosenlegal.com/submit-form/?case_id=25511 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fastly, Inc. (NYSE: FSLY) between February 15, 2024 and May 1, 2024, both dates inclusive (the "Class Period"), of the important July 23, 2024 lead plaintiff deadline. WHAT TO DO NEXT: To join the Fastly class act ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Fastly To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in Fastly stock or options between February 15, 2024 and May 1, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruq ...

NEW YORK, June 25, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fastly, Inc. (NYSE: FSLY). https://securitiesclasslaw.com/securities/fastly-loss-submission-form/?id=87118&from=4 DEADLINE: July 23, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fastly-loss-submission-form/?id=87118&from=4 SOURCE Gross Law Firm CONTACT US HERE: ALLEGATIONS: The complaint alleges that du ...

You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at [email protected]. The lead plaintiff deadline is July 23, 2024. 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 s ...

Core Viewpoint - Fastly, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors regarding its financial performance and growth prospects [1][3][7]. Company Summary - Fastly operates an edge cloud platform that processes, serves, and secures customer applications [2]. - The company reported first quarter 2024 revenue of $133.5 million, which missed consensus estimates by $0.35 million [3]. - Fastly lowered its fiscal year 2024 revenue guidance to a range of $555 million to $565 million, down from a previous guidance of $580 million to $590 million [3]. Allegations Summary - The lawsuit alleges that Fastly experienced a significant deceleration in growth among its largest customers and was losing market share gained from the 2023 Content Delivery Network consolidation trend [7]. - It is claimed that these issues would materially negatively impact Fastly's revenue growth and that the company was unlikely to meet its previously issued revenue guidance for fiscal year 2024 [7]. - The lawsuit asserts that Fastly's financial position and prospects were overstated, misleading investors [7].

SAN DIEGO, June 20, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Fastly, Inc. (NYSE: FSLY) securities between February 15, 2024 and May 1, 2024. Fastly operates an edge cloud platform for processing, serving, and securing customer's applications. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Inves ...

NEW YORK, June 20, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fastly, Inc. (NYSE: FSLY). CLASS PERIOD: February 15, 2024 to May 1, 2024 CONTACT US HERE: ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) contrary to its representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest customers and was ...

LOS ANGELES, June 19, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fastly, Inc. ("Fastly" or "the Company") (NYSE: FSLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. If you are a shareholder who suffered a loss, click here to participate. The class, in this case, has not yet been certified, and ...