Fastly Shares Swoon as Guidance Misses Estimates

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Fastly

shares are trading sharply lower in late trading Wednesday after the content delivery network operator posted solid results for the fourth quarter, but provided guidance for 2022 that fell shy of Street estimates.

Fastly in late trading has tumbled 26%, to $21.50.

For the quarter, Fastly (ticker: FSLY) posted revenue of $97.7 million, up 13% from a year ago, ahead of the Street consensus at $92.5 million. The company…