Fastly stock price moved sideways around $9.00, reflecting balanced buying and selling forces. Institutional investors appear to be in wait-and-see mode ahead of the next quarterly data release. FSLY expects a non-GAAP loss of 2 cents per share to non-GAAP earnings of 2 cents per share for fourth-quarter 2024. As a reminder, the Federal Reserve cut its benchmark interest rate by 25 basis points the previous day and signaled that more reductions could come before year-end and beyond. Initially when the cut was announced and Fed Chair Powell held his press conference, there was a pullback in the market as the Fed's "dot plot" revealed that only one cut was likely for 2026. This was below the three cuts that had been priced into the markets. This was the first interest rate cut of 2025, a move investors had widely anticipated. In response to the decision, stocks rose significantly, positioning major indexes like the S&P 500 and Nasdaq to open at record levels. Fastly stock price dipped to $8.88 despite broader tech-sector strength. Market watchers point to mixed analyst ratings and slowing revenue growth as factors restraining bullish sentiment near this price level.