Five9の空売り状況は、投資家がFive9の株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Five9 (NASDAQ:FIVN) 株価情報, 空売り情報

Five9

Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.

FIVE9, INC.

Analyst Ratings

FIVN

今回、過去四半期に12人のアナリストによりFive9（NASDAQ:FIVN）の分析が行われ、楽観的な意見から悲観的な意見まで様々な視点が見られた。

Five9 アナリストが分析　楽観的な意見と悲観的な意見混ざる

Five9 Inc

VRNT

Verint And Five9 Expand Partnership To Deliver AI-Driven Customer Experiences With New Cloud-To-Cloud Platform Integration

The Federal Reserve&#8217;s decision to cut rates by a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">hefty 0.5% on Wednesday</a> should be helpful to small- to medium-sized companies in the cloud computing space by making it easier for them to refinance debt, according to an analyst.
Piper Sandler analyst James Fisher pointed to five such firms in particular that may benefit the most, given their heavy debt loads: Bandwidth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>), DigitalOcean Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>).
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">Investors Bet On 50-Basis-Point Rate Cut, Wall Street Analysts Urge Caution: &#8216;This Is A Low-Conviction Fed&#8217;</a>
&#8220;A few names in our coverage will need to refinance debt over the next few years,&#8221; he wrote in a note on Wednesday.
He noted Bandwidth has $250 million in debt coming due in March 2026 and DigitalOcean has $1.5 billion in debt maturing in December 2026. He also pointed out Fastly needs to pay up $347 million by March 2026 and RingCentral has $609 million in debt coming due in March 2026.
He said lower interest rates may better help these companies better assume the interest costs on their debt.
Price Action: These companies all saw gains into Thursday&#8217;s late-morning trading.
<ul>
<li>Bandwidth rose 1.61% to $17.64</li>
<li>Digital Ocean gained 2.38% to $41.75</li>
<li>Fastly picked up 2.98% to $7.25</li>
<li>RingCentral went up 2.04% to $30.70</li>
<li>Five9 went up 2% to $29.09</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Federal Reserve

Tech

BAND

DOCN

FSLY

Fed Rate Cut Eases Debt Refinancing For Smaller Cloud Computing Firms: Analyst Flags 5 Stocks To Watch

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">eGain Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGAN#NASDAQ">EGAN</a>)</h3>
<ul>
<li>On Sept. 5, eGain reported fourth-quarter financial results and issued FY25 adjusted EPS guidance below estimates. &#8220;As businesses invest in Gen AI at scale, our AI Knowledge Hub helps deliver trusted answers for customer service, reducing cost and improving experience,&#8221; said Ashu Roy, eGain&#8217;s CEO. &#8220;As a result, new logo wins and RFPs for AI Knowledge were up 50 percent in fiscal 2024, and we are investing into this growing market opportunity for AI Knowledge.&#8221; The company's stock fell around 26% over the past five days and has a <a href="https://www.benzinga.com/quote/EGAN">52-week low of $4.81</a>.</li>
<li>RSI Value: 25.80</li>
<li>EGAN Price Action: Shares of eGain fell 4.1% to close at $4.90 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">latest EGAN news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25.png" alt="" class="wp-image-544207" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25-768x721.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">Five9 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Aug. 8, Five9 reported second-quarter 2024 results. Revenue was $252.1 million, beating the consensus of $245.2 million. Mike Burkland, Chairman and CEO,said, "We are pleased to report strong second quarter results, achieving a key milestone with annual revenue run rate exceeding $1 billion, primarily driven by LTM enterprise subscription revenue growing 21% year-over-year." The company's stock fell around 16% over the past month. It<a href="https://www.benzinga.com/quote/FIVN"> has a 52-week low</a> of $26.60.</li>
<li>RSI Value: 26.38</li>
<li>FIVN Price Action: Shares of Five9 rose 1.3% to close at $27.33 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">trend in FIVN stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96.png" alt="" class="wp-image-544208" style="width:673px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96-768x707.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>)</h3>
<ul>
<li>On Sept. 3, RingCentral announced that CFO Sonalee Parekh will resign. Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, &#8220;On behalf of the Board and our entire team, I want to thank Sonalee for her many contributions to RingCentral, particularly improved profitability and free cash flow. She has been a trusted partner, and we wish her all the best in her future endeavors.&#8221; The company's shares fell around 12% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/RNG"> low of $25.08</a>.</li>
<li>RSI Value: 29.93</li>
<li>RNG Price Action: Shares of RingCentral rose 0.9% to close at $28.00 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">breakout in RNG shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="846" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26.png" alt="" class="wp-image-544209" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26-768x730.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read More:<a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

EGAN

Top 3 Tech Stocks You'll Regret Missing In September

Nice (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nice#NASDAQ">NICE</a>) shares have risen 4.3% in the past month, outperforming the Zacks Computer &amp; Technology sector&#39;s decline of 2.2%.
The upside can be attributed to Nice&#39;s diverse portfolio, which is helping it gain new customers. Actimize, Evidencentral, CXone and Inform Elite are some of the solutions that have been gaining popularity. NICE&#39;s focus on its Evidencentral platform has been a key catalyst.
Nice recently announced that the Pinal County Attorney&#39;s Office in Arizona would be adopting its NICE Justice digital evidence management solution, part of the AI-driven Evidencentral platform.
The latest development aims to transform how the office handles digital evidence, providing a streamlined, cloud-based system that enhances efficiency and service delivery.&nbsp;
<div class="chart_embed">
<h3>Nice Price and Consensus</h3>
<img alt="Nice Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ce/1725976878.png" style="height:278px; width:620px" title="" />
Nice price-consensus-chart | Nice Quote
With its AI-powered features for object detection, automated case building and evidence management, NICE Justice will ease the burden on Pinal County&#39;s legal professionals, enabling them to focus more on its core mission of providing exceptional legal representation and ensuring community safety.
However, does the strong portfolio and expanding clientele make the NICE stock attractive? Let&#39;s look at its fundamentals.
</div>
<h2>Robust Portfolio Boosts Nice&#39;s Prospects</h2>
NICE&#39;s expanding portfolio has been a major growth driver of its success. In August, NICE announced that the Augusta (Georgia) Judicial Circuit DA&#39;s Office would deploy NICE Justice to expedite case processing and enhance digital evidence management.
Nice has a diverse portfolio, which is helping it gain new customers. Its partnerships with AT&amp;T (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and Microsoft have been a key catalyst.
NICE recently expanded its collaboration with AT&amp;T to offer a unified incident capture and data analytics solution for NextGen 9-1-1 centers, showcasing it at APCO 2024.
A deepening partnership with Microsoft is noteworthy. NTR-X Compliance Recording and Assurance Solution has secured transactable solution status in Microsoft&#39;s Azure Marketplace.
NICE&#39;s expanding cloud offerings, mainly its CXone platform, are a plus. During the second quarter of 2024, it reported cloud revenues of $482 million, up 26% year over year.
NICE&#39;s policy of frequently updating its portfolio has been a key catalyst as it aids in fending off competitors from other industry players like Five9 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fivn#NASDAQ">FIVN</a>), Salesforce and 8X8, who are also expanding their portfolio in the CX market.
In June, Five9 announced an enhanced collaboration with Salesforce, integrating AI-powered solutions to improve customer experiences in contact centers.
<h2>NICE&#39;s Q3 Guidance Positive</h2>
Nice&#39;s efforts to enhance its customer experience with its robust cloud solutions are expected to drive top-line growth.
For the third quarter of 2024, NICE projects non-GAAP revenues to be between $676 million and $686 million, calling for 13% year-over-year growth at the midpoint. Non-GAAP earnings are estimated in the $2.62-2.72 per share band, suggesting 18% year-over-year growth at the midpoint.
The Zacks Consensus Estimate for revenues is pegged at $682.67 million, indicating 13.52% growth year over year. The consensus mark for earnings is pegged at $2.68 per share, increased by a penny over the past 30 days, indicating an 18.06 % year-over-year increase.
<h2>Here&#39;s What Investors Should do With NICE Stock</h2>
Despite Nice&#39;s strong portfolio and growing client base, the foreign exchange headwinds in the APAC market and stiff competition are major concerns.
The forward 12-month Price/Sales ratio for Nice stands at 4.18, higher than its Zacks Computers - IT Services sector&#39;s 2.99, reflecting a stretched valuation.
Nice currently carries Zacks Rank #3 (Hold), which suggests that it may be wise to wait for a more favorable entry point in the stock.
<a href="https://www.zacks.com/stock/news/2334116/nice-wins-pinal-county-deal-should-you-buy-hold-or-sell-the-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2334116">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Mid Cap

Guidance

NICE

NICE Wins Pinal County Deal: Should You Buy, Hold or Sell the Stock?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$105.00</td>
<td>$30.9K</td>
<td>22.8K</td>
<td>69.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$34.50</td>
<td>$246.4K</td>
<td>2.3K</td>
<td>6.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$161.7K</td>
<td>7.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$140.00</td>
<td>$49.8K</td>
<td>2.6K</td>
<td>1.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$405.00</td>
<td>$27.7K</td>
<td>252</td>
<td>1.5K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$133.00</td>
<td>$83.9K</td>
<td>1.9K</td>
<td>823</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$16.00</td>
<td>$29.0K</td>
<td>3.6K</td>
<td>782</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$155.00</td>
<td>$30.9K</td>
<td>8.0K</td>
<td>462</td>
</tr>
<tr>
<td>COMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$55.0K</td>
<td>5.3K</td>
<td>422</td>
</tr>
<tr>
<td>FIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$25.00</td>
<td>$33.1K</td>
<td>61</td>
<td>323</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option trade with bearish sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 180 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $172.0 per contract. There were 22876 open contracts at this strike prior to today, and today 69420 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on September 20, 2024. This event was a transfer of 2143 contract(s) at a $34.50 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $246.4K, with a price of $115.0 per contract. There were 2336 open contracts at this strike prior to today, and today 6050 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 1100 contract(s) at a $90.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $161.7K, with a price of $147.0 per contract. There were 7479 open contracts at this strike prior to today, and today 4032 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 208 contract(s) at a $140.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $49.8K, with a price of $238.0 per contract. There were 2682 open contracts at this strike prior to today, and today 1971 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 22 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1260.0 per contract. There were 252 open contracts at this strike prior to today, and today 1583 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 575 contract(s) at a $133.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $83.9K, with a price of $143.0 per contract. There were 1994 open contracts at this strike prior to today, and today 823 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bullish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 3607 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 125 contract(s) at a $155.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $248.0 per contract. There were 8066 open contracts at this strike prior to today, and today 462 contract(s) were bought and sold. 
• Regarding COMM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>), we observe a call option sweep with bearish sentiment. It expires in 129 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $5.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 5365 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• Regarding FIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 316 contract(s) at a $25.00 strike. This particular put needed to be split into 74 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $105.0 per contract. There were 61 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COMM

MARA

MSTR

NVDA

PLTR

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Editor&#8217;s note: This story has been updated to correct price action at the time of publication.
Five9 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) shares are on watch Thursday after The Bear Cave released a bearish report on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40291717/five9-faces-revenue-slowdown-yet-analysts-see-profitability-and-ai-potential-as-key">the software company</a>.
What Happened: Short-selling firm the Bear Cave&nbsp;has targeted contact center software company&nbsp;Five9 in its latest short report. 
The <a href="https://www.benzinga.com/topic/short-sellers">short seller</a> highlighted recent conversations with management in which executives told investors that <a href="http://benzinga.com/topic/ai">AI</a> is &#8220;great&#8221; for Five9. The Bear Cave claims that management has intentionally misled investors about how AI will impact its business. 
&#8220;The Bear Cave believes Five9 management is lying to investors and the company is a major AI loser racing towards irrelevance,&#8221; the short seller said.
Benzinga has reached out to Five9 for comment on the report.
The Bear Cave noted that Five9 has not posted an annual profit in any year dating back to its initial public offering in 2014. The weak <a href="https://www.benzinga.com/quote/FIVN/earnings">bottom-line results</a> have been overshadowed by strong revenue growth, but the company lowered its revenue guidance in its most recent quarter, the short seller said. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40734119/fed-rate-cut-of-0-5-wouldnt-be-a-surprise-after-private-payrolls-fall-short-economi">Fed Rate Cut of 0.5% &#8216;Wouldn&#8217;t Be A Surprise&#8217; After Private Payrolls Fall Short, Economist Says</a>
&#8220;Five9's slowing revenue growth and recent guidance reduction have left investors worried that AI might be negatively affecting the company,&#8221; The Bear Cave said, citing questions surrounding AI concerns at an investing conference last month.
The short seller further highlighted management&#8217;s response to AI concerns, noting that CEO Mike Burkland stressed that AI is a &#8220;great thing&#8221; for Five9 and expects only about 5% to 15% automation due to AI.
The Bear Cave cited previous research suggesting several call center companies are under pressure due to AI as many large companies are aggressively cutting call center spend. The short seller further noted that Five9 recently cut its revenue guidance and announced it was cutting its workforce by about 7%.
&#8220;The layoffs may also be a sign management doesn't believe in its own optimism around AI,&#8221; the short seller said.
FIVN Price Action: Five9 shares rebounded and were up 0.70% at $30.03 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Five9.
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Short Sellers

Short Ideas

Movers

Short Seller Sets Sights On Five9 Stock: 'Company Is A Major AI Loser Racing Towards Irrelevance' (CORRECTION)

<a href="https://thebearcave.substack.com/p/problems-at-five9-fivn">https://thebearcave.substack.com/p/problems-at-five9-fivn</a>
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Watching Five9; The Bear Cave Issues Report On Co Titled "Problems at Five9 (FIVN)"

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Truist Securities analyst Terry Tillman maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and maintains $65 price target.

Price Target

Truist Securities Maintains Buy on Five9, Maintains $65 Price Target

Piper Sandler analyst James Fish reiterates Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Overweight and maintains $47 price target.

Reiteration

Piper Sandler Reiterates Overweight on Five9, Maintains $47 Price Target

Ratings for Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Five9 and provided 12-month price targets. The average target is $60.5, accompanied by a high estimate of $90.00 and a low estimate of $40.00. A decline of 25.82% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1724241671_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Five9 by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$48.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Michael Latimore</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Matt VanVliet</td>
<td>BTIG</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Richard Baldry</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Terry Tillman</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$65.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>William Power</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Nikolay Beliov</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$63.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$75.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$50.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Five9. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Five9 compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Five9's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Five9's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FIVN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Five9 analyst ratings.</a>
<h2>About Five9</h2>
Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.
<h3>Five9's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Five9's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.1%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Five9's net margin excels beyond industry benchmarks, reaching -5.08%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Five9's ROE excels beyond industry benchmarks, reaching -2.54%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.68%, the company showcases effective utilization of assets.
Debt Management: Five9's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.3, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Five9 Through The Eyes Of 16 Analysts

Needham analyst Scott Berg reiterates Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and maintains $48 price target.

Needham Reiterates Buy on Five9, Maintains $48 Price Target

Management

Five9 Announces Reduction In Force Plan, Cutting Global Workforce By 7% With Estimated Costs Of $12M To $15M

U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga A<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst Stock</a> Ratings.
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Hold rating on Diodes Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) and cut the price target from $74 to $69 on Aug. 9. This analyst sees around 7% upside in the stock.</li>
<li>Recent News: On Aug. 8, Diodes reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
</ul>
Analyst: Lloyd Walmsley
<ul>
<li>Analyst Firm: Deutsche Bank</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Buy rating on Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) and increased the price target from $55 to $60 on Aug. 9. This analyst sees around 16% upside in the stock.</li>
<li>Recent News: On Aug. 7, Zillow reported better-than-expected second-quarter financial results..</li>
</ul>
Analyst: Mark Kelley
<ul>
<li>Analyst Firm: Stifel</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) and raised the price target from $105 to $111 on Aug. 9. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: On Aug. 8, The Trade Desk reported better-than-expected second-quarter financial results.</li>
</ul>
Analyst: Doug Anmuth
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Maintained a Neutral rating on Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) and cut the price target from $18 to $15 on Aug. 8. This analyst sees about 54% gain in the stock.</li>
<li>Recent News: On Aug. 7, Lyft reported its second-quarter financial results, reporting adjusted EPS of 24 cents, which beat the analyst consensus estimate of 19 cents.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Downgraded rating on Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) from Outperform to Neutral and slashed the price target from $90 to $40 on Aug. 9. This analyst sees around 29% upside in the stock.</li>
<li>Recent News: On Aug. 8, Five9 posted better-than-expected quarterly earnings.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/08/40298443/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-y">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
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This Analyst With 84% Accuracy Rate Sees Around 12% Upside In Trade Desk - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Rosenblatt analyst Catharine Trebnick maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and lowers the price target from $80 to $70.

Rosenblatt Maintains Buy on Five9, Lowers Price Target to $70

Needham analyst Scott Berg maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and lowers the price target from $90 to $48.

Needham Maintains Buy on Five9, Lowers Price Target to $48

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>BTIG raised the price target for The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) from $110 to $114. BTIG analyst Clark Lampen maintained a Buy rating. Trade Desk shares gained 10.2% to trade at $97.23 on Friday. <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) from $55 to $60. Deutsche Bank analyst Lloyd Walmsley maintained the stock with a Buy rating. Zillow shares rose 2.4% to trade at $50.59 on Friday. <a href="https://www.benzinga.com/quote/Z/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co cut Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) price target from $650 to $610. Stephens &amp; Co. analyst Trey Grooms maintained an Overweight rating. Martin Marietta Materials shares fell 1.2% to trade at $532.54 on Friday. <a href="https://www.benzinga.com/quote/MLM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities boosted the price target for YETI Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) from $38 to $45. B. Riley Securities analyst Anna Glaessgen maintained a Neutral rating. YETI shares fell 4.3% to trade at $41.28 on Friday. <a href="https://www.benzinga.com/quote/YRTI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised Diebold Nixdorf, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>) price target from $55 to $65. DA Davidson analyst Matthew Summerville maintained a Buy rating. Diebold shares rose 5.7% to trade at $37.99 on Friday. <a href="https://www.benzinga.com/quote/DBD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group boosted Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) price target from $29 to $34. Evercore ISI Group analyst Elizabeth Anderson maintained an In-Line rating. Doximity shares gained 36% to trade at $34.90 on Friday. <a href="https://www.benzinga.com/quote/DOCS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Craig-Hallum cut the price target for Mitek Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) from $19 to $15. Craig-Hallum analyst Chad Bennett maintained a Buy rating. Mitek shares dipped 25.3% to trade at $8.43 on Friday. <a href="https://www.benzinga.com/quote/MITK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) price target from $80 to $65. Wells Fargo analyst Michael Turrin maintained an Overweight rating. Five9 shares fell 27% to trade at $31.03 on Friday. <a href="https://www.benzinga.com/quote/FIVN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital boosted CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) price target from $95 to $100. BMO Capital analyst Joel Jackson maintained an Outperform rating. CF Industries shares rose 0.1% to trade at $79.61 on Friday. <a href="https://www.benzinga.com/quote/CF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James cut Alta Equipment Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) price target from $14 to $10. Raymond James analyst Bryan Fast downgraded the stock from Outperform to Market Perform. Alta Equipment shares fell 2% to trade at $6.28 on Friday. <a href="https://www.benzinga.com/quote/ALTG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Zillow stock? Here&#8217;s what analysts think:
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Zillow Group To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

Five9, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) shares are trading lower today. Several analysts lowered the price target on the stock following an annual guidance cut due to recent <a target="_blank" href="https://www.benzinga.com/quote/fivn/analyst-ratings" rel="noreferrer noopener">booking trends and economic uncertainty</a>.
Yesterday, the company reported revenue of $252.1 million,&nbsp;beating the consensus of $245.2 million, and adjusted EPS of $0.52, which <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40283209/why-is-software-company-five9-stock-diving-premarket-friday" rel="noreferrer noopener">surpassed the consensus of $0.44</a>.
For 2024, Five9 reduced revenue guidance to $1.013 billion – $1.017 billion ($1.053&nbsp;billion – $1.057 billion) vs. $1.055 billion and raised adjusted EPS outlook to $2.25 to $2.29 (from $2.15 to $2.19 prior)<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> vs. street view of $2.19</a>.
Roth MKM analyst Richard K. Baldry trimmed the price target to $67 (from $90) and maintained a Buy rating.
Despite a history of conservative guidance, FIVN has unexpectedly shifted from a projected 25% growth in the second half FY24 to a flat 10% growth despite strong 2Q24 results, writes the analyst.
Baldry says that slowed bookings late in the second quarter and macro headwinds are impacting second-half peak revenues.
In the near term, the analyst projects management to tightly control spending, which should enable earnings growth to exceed muted revenue growth.
Baldry raised the FY24 EPS forecast to $2.26 (from $2.19) due to strong performance in the second quarter and only slight reductions in the second half of FY24 estimates. However, the analyst modestly decreases 2025 EPS forecast to $2.41 (from $2.67).
Truist Securities analyst Terry Tillman lowered the price target to $65 (from $100) and maintained the rating at Buy.
The analyst writes that following a major enterprise software contract in the first quarter, FIVN&#8217;s disappointing second-quarter bookings are not unexpected given the macro environment and mixed second-quarter software results.
Tillman expects a rebound in bookings, sustained profitability, and cash flow improvement and says that if the company proves AI positively impacts revenue, valuation could rise significantly.
Consequently, the analyst lowered the revenue estimates for FY24 and FY25 but raised the expectations for EBITDA and adjusted EPS.
Piper Sandler analyst James E. Fish cut the price target to $47 from $58 and maintained an Overweight rating.
The analyst writes that the guide cut eliminates Five9&#8217;s usual seasonal uplift, reflecting lower-than-expected June performance and a desire for a decisive adjustment.
The analyst adds that the focus will soon shift to the 2025 guidance and whether the cost structure remains too high relative to growth and they still see AI as a positive factor for CCaaS.
Meanwhile, RBC Capital Markets analyst Rishi Jaluria maintained an Outperform rating with a price target of $80.
Investors can gain exposure to the stock via&nbsp;ProShares Big Data Refiners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAT#NYSE">DAT</a>).
Price Action: FIVN shares are down 27% at $30.99 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40169177/five9-set-to-benefit-from-ai-and-market-expansion-headwinds-have-run-their-course" target="_blank" rel="noreferrer noopener">Five9 Set To Benefit From AI And Market Expansion: &#8216;Headwinds Have Run Their Course&#8217;</a></li>
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