Fastly stock price hovered near $8

Fastly stock price hovered near $8.94 even as broader indices posted gains. This underperformance may be tied to cautious guidance from management, keeping valuation metrics under scrutiny. Customer acquisition efforts saw solid progress in the third quarter of 2024, with the enterprise customer count rising to 576, a year-over-year increase of 5%. At the end of the third quarter of 2024, the total customer base reached 3,638, a net increase of 343 compared to the previous quarter. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Fastly stock price closed at $8.92 today, slipping 1.3% in light trading volume. Technical charts show a minor breakdown below the 50-day moving average, which may signal further short-term weakness unless institutional buying returns.