Has This US Tech Stock Become Oversold-FIVN

Acrobull Canada Advisory Inc.

October 07

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Five9, Inc.	NASDAQ-FIVN	Technology	$2.198 Billion	Medium

Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.

Recent Highlights

Five9 Named Americas CCaaS Vendor Partner of the Year at 2024 Verint Engage Customer Conference- Five9 (Nasdaq: FIVN), a provider of the Intelligent CX Platform, announced today that it was named Americas CCaaS Vendor Partner of the Year at Verint Engage 2024 in Orlando. This is Five9's fifth time receiving Verint's CCaaS Vendor Partner of the Year award during the course of their seven-year cooperation.

This award comes after Five9 and Verint announced a new cloud integration that will let users to purchase and install Verint CX automation solutions straight from Five9.

Second Quarter 2024 Financial Highlights

The company reported Revenue of: $252.1 million, compared to expert projections of $245.1 million (2.8% increase).

The company reported Adjusted Operating Income of $31.04 million, compared to analyst projections of $26.18 million (18.5% increase)

The company reported EPS (non-GAAP): $0.57, compared to consensus projections of $0.44 (30.2% beat).

The company reported Revenue guidance for Q3 CY2024 is $255 million at the midpoint, lower than analyst projections of $267.2 million.

Stock Observation- Recent fall in the stock price may be due to a volatility in the stock market, however long term aspects of the company remains strong, hence mid to long term investment can be considered. The RSI level for the stock is at 49 hence showing close to oversold conditions. Right entry price is needed in the stock.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrovest only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrovest would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$29.41 USD
Acrobull Recommendation	Buy at $27.42
Target Price	$31.52 USD
RSI Level	14 Day RSI 44
Total Shares Outstanding	74.74 Million
Shares held by Insiders Risk Factor	0.77% Medium