On August 20, Fastly, Inc. fell 8.09% in regular trading, trading at $24.47 per share, with turnover of $83.82 million. The decline extends the post-earnings pullback that began after the company reported Q2 results on August 5.

Despite a strong Q2 print, Fastly shares have continued to face selling pressure. The company reported adjusted EPS of $0.15, beating the consensus estimate of $0.07 by over 114%, while revenue of $183.3 million exceeded the $173.9 million estimate. However, the stock has failed to hold gains following the report, echoing a pattern seen after Q1 results in May when shares plunged 38% despite a similar earnings beat, as investors questioned growth sustainability amid AI-driven disruption concerns in the traditional CDN and edge computing space.

Sector-wide weakness in Internet Services and Infrastructure further amplified selling pressure, with Cloudflare down 3.20%, Applied Digital down 1.63%, CoreWeave down 1.62%, and Snowflake down 1.48%. RBC Capital recently raised its price target on Fastly to $25 from $18 while maintaining a Sector Perform rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)