Fastly's Profitable Quarter, Yet Stock Tumbles

Fastlys earnings beat expectations, but investors sold off shares due to slower growth in the core Network Services segment. The companys Security and Compute units showed strong growth, but the stock remains pricey at 71 times forward earnings. Management expects infrastructure spending to double as a chunk of revenue next year, leaving smart money on the sidelines. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1d04afd7e2f3de60

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