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Fastly stock declined 7% to $25.47 on Tuesday, reversing a recent rally despite the company reporting 43% year-over-year growth in second-quarter security revenue.
The move followed the firm's Investor Day at the Nasdaq MarketSite in New York, where executives detailed its platform strategy and financial outlook.
The decline appears specific to Fastly rather than a broader sector shift.
Peers Cloudflare and Akamai Technologies both posted gains, with Cloudflare shares rising 0.8% to $354.34 and Akamai shares increasing 0.9% to $118.53.
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