Why Is Software Company Five9 Stock Diving Premarket Friday?
Portfolio Pulse from Lekha Gupta
Five9, Inc. (NASDAQ:FIVN) shares are down 15.19% premarket after reporting Q2 2024 results. Revenue beat expectations, but the company reduced its annual revenue guidance by 3.8% due to recent bookings trends and uncertain economic conditions. Five9 also announced the acquisition of Acqueon. Investors can gain exposure via ProShares Big Data Refiners ETF (NYSE:DAT).
August 09, 2024 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ProShares Big Data Refiners ETF (DAT) may see some impact due to its exposure to Five9, which is experiencing a significant premarket drop.
As an ETF with exposure to Five9, ProShares Big Data Refiners ETF (DAT) may experience some negative impact due to the significant drop in Five9's share price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Five9 shares are down 15.19% premarket after Q2 2024 results. Despite beating revenue and EPS expectations, the company reduced its annual revenue guidance by 3.8% due to recent bookings trends and uncertain economic conditions.
The reduction in annual revenue guidance by 3.8% despite beating revenue and EPS expectations indicates potential future challenges, leading to a significant premarket drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100