After a strong recent rally in the stock, some traders argued that Fastly's numbers did not meet loftier expectations.
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Palo Alto CEO Calls AI-Led Software Selloff ‘Paranoid' — Sees Big Buying Window In Cybersecurity And Infra Stocks
The market’s “paranoid” and indiscriminate reaction to AI developments – driving a broad SaaS selloff – is likely to persist, Arora said
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Cisco Reportedly Mulls Buying Israeli Cybersecurity Startup For At Least $250M As Concern Over AI Agents Mount
According to a report from The Information, Cisco is currently in talks to acquire Astrix Security, which primarily sells software geared toward monitoring and securing AI agents.
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CrowdStrike, Palo Alto Stocks Surge — Anthropic’s Latest AI Rollout Turns Into Tailwind For Once
Anthropic has partnered with the cybersecurity firms and others to test a new AI model “to help secure the world’s most critical software.”
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FSLY Stock Hits 52-Week High, Soaring Past Street Estimates — Retail Flags Caution Over Insider Sales
Fastly shares reached $26.45 on Wednesday, well above analysts’ 12-month average target of $13.71, according to data from Koyfin.