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 ...

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].