Holzer & Holzer, LLC Reminds Shareholders of July 23, 2024 Lead Plaintiff Deadline in Fastly, Inc. (FSLY) Class Action Investors With Significant Losses Encouraged to Contact the Firm

Globe Newswire 17-Jul-2024 1:54 PM

ATLANTA, July 17, 2024 (GLOBE NEWSWIRE) -- 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.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website,?www.holzerlaw.com,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com