Fastly(US:FSLY) Prnewswireยท2024-06-06 00:00Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Fastly, Inc. securities, alleging misleading statements and failure to disclose significant issues affecting the company's growth and revenue guidance during the specified Class Period from February 15, 2024, to May 1, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Fastly misrepresented its growth, stating that it was experiencing a significant deceleration among its largest consumers and losing market share gained from the 2023 CDN consolidation trend [5]. - It is alleged 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 the 2024 fiscal year [5]. - The lawsuit asserts that Fastly's financial position and prospects were overstated, leading to materially false and misleading public statements [5]. Group 2: Class Action Participation - Investors who purchased Fastly securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff is needed to represent other class members, and interested parties must move the Court by July 23, 2024 [1][3].