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 2023 delivered an inflection in our customer acquisition as we c ...

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. https://securitiesclasslaw.com/securities/fastly-loss-submission-form/?id=85787&from=3 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 ...

LOS ANGELES, June 18, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming July 23, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fastly, Inc. ("Fastly" or the "Company") (NYSE: FSLY) securities between February 15, 2024 and May 1, 2024, inclusive (the "Class Period"). If you suffered a loss on your Fastly investments or would like to inquire about potentially pursuing claims to rec ...

Core Viewpoint - Fastly, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 15, 2024, and May 1, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Fastly misrepresented its growth, indicating a significant deceleration among its largest customers and a loss of market share gained from the 2023 content delivery network consolidation trend [2]. - It is alleged that these issues would materially negatively affect the Company's revenue growth and that Fastly was unlikely to meet its previously issued revenue guidance for FY 2024 [2]. - Consequently, the Company's financial position and prospects were overstated, leading to materially false and misleading public statements [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant timeframe have until July 23, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm has initiated a class action lawsuit against Fastly, Inc. (NYSE: FSLY) due to allegations of misleading statements and failure to disclose significant issues affecting the company's growth and revenue guidance [4]. Group 1: Allegations Against Fastly - The complaint alleges that during the class period, Fastly issued materially false and/or misleading statements regarding its growth, particularly indicating that it was experiencing a significant deceleration in growth among its largest customers [4]. - It is claimed that Fastly was losing market share gained from the 2023 content delivery network consolidation trend, which was likely to have a material negative impact on the company's revenue growth [4]. - The company is alleged to have overstated its financial position and prospects, leading to public statements that were materially false and misleading at all relevant times [4]. Group 2: Class Action Details - Shareholders who purchased shares of FSLY during the specified class period are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment, although this appointment is not required to partake in any recovery [3]. - The deadline for shareholders to register for the class action is July 23, 2024, and they will be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [5].

Core Viewpoint - Fastly, Inc. is facing significant challenges due to revenue declines from its largest customers, leading to a class action lawsuit and a downgrade from Bank of America, which has negatively impacted its stock price. Group 1: Financial Performance - Fastly reported Q1 2024 revenue of $133.52 million, missing consensus estimates by $0.35 million [4] - The company lowered its fiscal year 2024 revenue guidance to $555 million to $565 million, down from the previous guidance of $580 million to $590 million, and below consensus estimates of $584.62 million [4] - Fastly's CEO attributed disappointing results to a reduction of revenue from a small number of its largest customers and noted significant volatility in its CDN strategy [2] Group 2: Legal Issues - A class action lawsuit has been filed on behalf of investors who acquired Fastly securities between February 15, 2024, and May 1, 2024, with a deadline of July 23, 2024, for lead plaintiff applications [1] - The lawsuit alleges that Fastly made false or misleading statements regarding its growth and market share, which contributed to the company's inability to meet its revenue guidance for FY 2024 [5] Group 3: Market Reaction - Following the announcement of disappointing results and lowered guidance, Bank of America downgraded Fastly's stock from "Buy" to "Underperform" and cut its price target from $18 to $8 per share [7] - Fastly's stock price declined by approximately 32.02%, falling from $12.93 to $8.79 per share in response to the downgrade [7]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fastly, Inc. securities between February 15, 2024, and May 1, 2024, of the lead plaintiff deadline on July 23, 2024, for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Fastly securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [5] - The lawsuit alleges that Fastly made false and misleading statements regarding its growth and market share, which negatively impacted its revenue growth and financial position [6] - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading public statements made by Fastly [6] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [2] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [2] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise in this area [2]

RADNOR, Pa., June 11, 2024 /PRNewswire/ -- 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 Fas ...

BOSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against Fastly, Inc. (NYSE: FSLY) and certain of its executives. Investors who have lost money in their Fastly investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/fsly. A lawsuit was recently filed against Fastly, Inc., alleging the company and its executives misrepresented to investors that new custo ...

Do you, or did you, own shares of Fastly, Inc. (NYSE: FSLY)? Did you lose money in your investment in Fastly, Inc.? If you purchased or acquired Fastly securities, and/or would like to discuss your legal rights and options please visit Fastly, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com. According to the Complaint, Defendants failed to disclose to investors that: (i) contrary to its representations to investors, Fastly ...