By Natalie Weger
Fastly shares declined in midday trading Tuesday after the cloud platform company named a new chief executive officer.
Shares were down 6.4% at $6.76. The stock has fallen 29% this year.
After the close on Monday, Fastly named Kip Compton, its chief product officer, as its new CEO, effective immediately. Compton succeeds Todd Nightingale, who resigned and will join Arista Networks as president and chief operating officer.
Oppenheimer analyst Param Singh said in a research note Tuesday that Compton's role as CPO will create a smooth transition, but as with any senior management change the churn of executive roles adds execution risk in the near term.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
June 17, 2025 13:36 ET (17:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。