Fastly falls after annual revenue forecast cut

** Content-delivery network company Fastly's FSLY shares down ~31% at $8.99 after the bell

** Company cuts annual rev. forecast; expects FY24 rev. in range of $555 mln to $565 mln vs earlier forecast of $580 mln to $590 mln

** Expects annual loss per share to be in the range of 12 cents to 6 cents vs prior forecast of loss of 6 cents per share to flat

** Company posts Q1 rev. of $133.5 mln vs earlier forecast of $131 mln - $135 mln

** Up to last close, stock fell nearly 27% YTD