Five9 Q2 Earnings: Revenue Guidance Cut Was A Negative Surprise (Rating Downgrade)
FIVNFive9(FIVN) Seeking Alpha·2024-08-12 23:35
da-kuk My investment rating for Five9, Inc. (NASDAQ:FIVN) shares have been downgraded to a Hold now. FIVN's full-year revenue guidance reduction translates into an uninspiring low-teens percentage (versus historical average in the high-twenties range) top-line growth outlook. As such, my previous Buy rating for the stock is no longer warranted. However, Five9's upward EPS guidance revision for FY 2024 and its long-term AI tailwinds mean that a bearish view (or Sell rating) on the company is unjustified. ...