Five9 Faces Revenue Slowdown, Yet Analysts See Profitability And AI Potential As Key Upsides

Five9, Inc. FIVN shares are trading lower today. Several analysts lowered the price target on the stock following an annual guidance cut due to recent booking trends and economic uncertainty. Yesterday, the company reported revenue of $252.1 million, beating the consensus of$245.2 million, and adjusted EPS of $0.52, which surpassed the consensus of$0.44. For 2024, Five9 reduced revenue guidance to $1.013 billion –$1.017 billion ($1.053 billion –$1.057 billion) vs. $1.055 billion and raised adjusted EPS ...