Why Fastly's Stock Is Trading Lower Today

Fastly FSLY shares are trading lower after B of A Securities downgraded the company's stock from Buy to Underperform.

Fastly operates edge cloud platform, designed to be programmable and support agile software development. The edge cloud complements data center, central cloud, and hybrid solutions.

Fastly traded 3.04% lower at $99.32 at time of publication. The stock has a 52-week high of $102.95 and a 52-week low of $10.63.