2 Tech Stocks Making Outsized Post-Earnings Moves
FSLYFastly(FSLY) Schaeffers Research·2024-05-03 00:25

Tech names Fastly Inc (NYSE:FSLY) and Qualcomm Inc (NASDAQ:QCOM) just announced their earnings results, with staggeringly different outcomes for the stocks. Cloud stock FSLY is down 34.3% at $8.50 at last glance, trading at 52-week lows and on track for its worst single-session percentage loss ever. The company announced mixed first-quarter results, with wider-than- expected losses per share alongside a revenue beat, and lowered its full-year revenue forecast. BofA Global Research downgraded Fastly stock to ...