ATLANTA, GA – – (Globe Newswire – May 28, 2024) – – A shareholder class action lawsuit has been filed against Fastly, Inc. (“Fastly” or the “Company”) (NYSE: FSLY). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (i) contrary to its representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest customers and was losing the increased market share it had gained as a result of the 2023 CDN consolidation trend; (ii) the foregoing issues were likely to have a material negative impact on the Company’s revenue growth; (iii) accordingly, Fastly was unlikely to meet its own previously issued revenue guidance for FY 2024; and (iv) as a result, the Company’s financial position and/or prospects were overstated.

If you bought Fastly shares between February 15, 2024 and May 1, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/fastly/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is July 23, 2024.