|Bid||10.35 x 800|
|Ask||0.00 x 1400|
|Day's range||10.99 - 11.96|
|52-week range||9.50 - 64.07|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Regardless of whether you're relatively new to the stock market or have been putting your money to work on Wall Street for decades, this has been a challenging year. The sell-off has been even more pronounced in the growth-focused Nasdaq Composite, where the peak-to-trough move since hitting its all-time high in November was nearly 30% last week. While there are a number of reasons behind this sell-off, tech stocks are shouldering a lot of the blame.
Fastly's (NYSE: FSLY) stock price plunged 18% on May 5 after the cloud computing services provider posted its first-quarter earnings report. Its Q1 revenue rose 21% year over year to $102.4 million, which beat analysts' estimates by $3.
Shares of Fastly (NYSE: FSLY) were plummeting today after the edge cloud platform company reported a worse-than-expected loss in its first quarter and as it announced that its board will start its search for a new CEO. Fastly's loss of $0.15 per share in the quarter was worse than analysts' consensus estimate of a loss of $0.14 per share and the $0.12 loss per share in the year-ago quarter. Investors weren't happy with Fastly missing analysts' bottom-line consensus estimate, but they were also likely upset to see that the company is starting its search to replace current CEO Joshua Bixby.