{
  "id": 9351081,
  "title": "Why is Fastly stock sliding today?",
  "url": "https://urgent.news/2026/09/23/why-is-fastly-stock-sliding-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T14:40:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-fastly-stock-sliding-today-93CH-4913440"
  },
  "original_language": "en",
  "account": "Fastly's shares experienced a significant 6.8% decline in early trading, settling at $24.30 following a highly anticipated Investor Day in New York City. The company unveiled ambitious growth projections and cutting-edge AI-driven security offerings, targeting revenue between $1.1 billion and $1.3 billion by 2029. This forecast implied a compound annual growth rate of 14% to 21% from 2026, alongside non-GAAP operating margins of 20% to 22% and free cash flow margins of 12% to 15%. While optimistic investors appreciated the targets, the market's response today indicated expectations had already reached a peak, prompting a “sell the news” reaction. Analysts offered mixed opinions, with DA Davidson reducing its price target to $23 from $26, citing valuation concerns, and BofA Securities maintaining an underperform rating with a $22 price target. Conversely, Evercore ISI and Raymond James retained an outperform rating, setting price targets of $32 and $29, respectively. The criticism mounted as Fastly's Chief Technology Officer sold over 33,000 shares, reigniting concerns about insider trading amidst the stock's recent surge. The broader market sentiment was bearish, with both the NASDAQ and S&P 500 falling by 1.0% and 0.5%, respectively. Competitors in the edge and cloud security sector, such as Cloudflare and Akamai, saw increased trading activity, suggesting that today's weakness was particular to Fastly and not indicative of a sector-wide downturn. The confluence of post-event profit-taking, divergent analyst opinions, insider selling, and a tepid market for growth stocks contributed to the sharp pullback, pushing the stock down from its opening price of $25.90 to a day low of $24.04 before finding stability near current levels.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "D.A. Davidson reiterates Cognex stock neutral on RealSense deal",
        "url": "https://urgent.news/2026/09/23/d-a-davidson-reiterates-cognex-stock-neutral-on-realsense-deal",
        "published": "2026-09-23T12:44:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}