INVESTOR ALERT: Morris Kandinov LLP Investigating Fastly, Inc. (FSLY); Shareholders Encouraged to Contact Firm

San Diego, California--(Newsfile Corp. - February 12, 2026) - National law firm Morris Kandinov has recovered millions of dollars for shareholders and is recognized as a Top 25 Firm in the 2024 ISS Securities Class Action Services Report. If you purchased shares of Fastly, Inc. (NASDAQ: FSLY), contact [e-mail].

Morris Kandinov is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders of Fastly. On September 24, 2025, Judge Jon S. Tigar of the United States District Court for the Northern District of California issued an order denying in part the defendants' motion to dismiss in the pending securities class action against Fastly, paving the way for litigation to proceed.

Fastly operates an edge cloud platform – a system that extends cloud computing services to the "edge" of a network, processing data closer to where it's generated instead of sending it to a central data center - for processing, serving, and securing its customer's applications. An edge cloud enables developers to build, secure, and deliver digital experiences. Fastly's platform includes a Content Delivery Network, or a geographically distributed network of proxy servers and their data centers. Content owners, such as media companies and e-commerce vendors, pay Content Delivery Network operators to deliver their content to their end users. As such, Fastly's customers are delivering web experiences, whether in the form of applications, websites, or streaming services.

The bulk of Fastly's revenues are derived from use of its platform by its existing enterprise customers and its ten largest clients. Enterprise customers are those with annualized current quarter revenue in excess of $100,000 and include Fastly's ten largest clients – referred to by a confidential witness in the pending securities class action complaint as the "big whales" – among which are TikTok, Amazon Video, Apple, Twitter (X), Netflix, Paramount, and Disney. According to the complaint, for the fiscal year ended December 31, 2023, roughly 95% of Fastly's revenue was derived from its enterprise customers' use of its platform, with new customers contributing less than 10%.