Fastly Shares Drop 18% Following Q1 Results & CEO’s Resignation Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/FSLY'>Fastly, Inc. (NYSE:FSLY)</a> shares dropped around 18% on Thursday following the company’s Q1 results, as well as the announced resignation of CEO and Director Joshua Bixby.</p>
<p>Quarterly EPS came in at ($0.15), worse than the Street estimate of ($0.14), while revenue of $102.4 million (up 21% year-over-year) beat the consensus estimate of $98.96 million.</p>
<p>Analysts at RBC Capital view the resignation of Joshua Bixby as a negative sign, especially for a company that already has a lot of work to do to regain credibility with investors.</p>
<p>The company expects Q2/22 EPS in the range of ($0.18)-($0.15), worse than the consensus of ($0.14), and revenue in the range of $99-102 million, compared to the consensus of $99.5 million.</p>
<p>For the full 2022-year, the company expects EPS of ($0.60)-($0.50), compared to the consensus of ($0.55), and revenue of $405-415 million, compared to the consensus of $407.2 million.</p>

NYSE:FSLY