Fastly Stock Price Decreases 52% YTD: Should You Buy the Dip?

Fastly (FSLY) shares have declined 52.4% year to date (YTD), underperforming the broader Zacks Computer & Technology sector’s appreciation of 28.1% and the Zacks Internet Software industry’s return of 32.5%.FSLY shares have also underperformed industry peers like Innovid (CTV) , Toast (TOST) and Fortinet (FTNT) , which have returned 102.6%, 138.4% and 62.4%, respectively, YTD.FSLY shares’ subpar performance can be attributed to challenging macroeconomic uncertainties and revenue declines from some of Fastly ...