- Fastly will announce its Q2 earnings results this Wednesday afternoon following a strong previous quarter that exceeded revenue and EPS expectations.
- The market anticipates Fastly's revenue to grow 17% year on year, with analysts generally reconfirming their estimates over the last 30 days.
- Fastly's shares are up 26.4% over the past month, heading into earnings with an average analyst price target of $24.40 compared to the current share price of $23.06.
- Stock index futures rose ahead of the Federal Reserve's monetary policy announcement and key earnings reports on Wednesday.
- Several stocks experienced significant premarket gap-down moves before the opening bell.
- Bandwidth dropped 21.5 % and Parsons declined 20.2 % among the notable downward movers.