Why Five9 Stock Was Flailing on Friday
Contact center software solutions provider (NASDAQ: FIVN) has been having a forgettable Friday on the stock exchange.
After the company published its latest set of quarterly results and announced a top-level managerial change, investors sold out of its stock to the point where it was down nearly 4% in late-session trading. That slide was notably more pronounced than the 1.7% decrease of the S 500 index.
For its second quarter, Five9 posted a record-high revenue figure of over $283 million, which was 12% higher year over year. Artificial intelligence (AI) played a significant role in this, as the company's enterprise AI revenue advanced by 42% during the period.
Source Fool.com
Five9 Inc. Stock
€22.94
-1.210%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Five9 Inc. stock is not clear.
Based on the current price of 22.94 € the target price of 52 € shows a potential of 126.68% for Five9 Inc. which would more than double the current price.
