A number of stocks fell in the afternoon session after the latest Consumer Price Index (CPI) report came in hotter than expected, signaling that inflation remained stubbornly high.
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A number of stocks fell in the afternoon session after the latest Consumer Price Index (CPI) report came in hotter than expected, signaling that inflation remained stubbornly high.
FSLY sinks nearly 42% after a Q1 beat. Investors eye slower Network Services growth, pricing erosion and rising 2026 infra spend.
Fastly dropped 38% after its Q1 earnings. However, the stock is still up more than 85% this year.
Record quarterly results, surging security revenue, and a divided Wall Street set the stage for this volatile name, today, May 7, 2026.
Edge cloud platform Fastly (NASDAQ:FSLY) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 19.8% year on year to $173 million. Guidance for next quarter’s revenue was better than expected at $173 million at the midpoint, 0.6% above analysts’ estimates. Its non-GAAP profit of $0.13 per share was 50.2% above analysts’ consensus estimates.