Five9 Faces Revenue Slowdown, Yet Analysts See Profitability And AI Potential As Key Upsides
Portfolio Pulse from Lekha Gupta
Five9, Inc. (NASDAQ:FIVN) shares are trading lower due to a revenue guidance cut for 2024, despite beating Q2 revenue and EPS estimates. Analysts have lowered price targets but maintain positive ratings, citing potential profitability and AI benefits. ProShares Big Data Refiners ETF (NYSE:DAT) offers exposure to FIVN.
August 09, 2024 | 5:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
ProShares Big Data Refiners ETF (DAT) offers exposure to Five9, which has seen a significant drop in share price due to reduced revenue guidance for 2024.
DAT's exposure to Five9 means its performance could be negatively impacted by the significant drop in Five9's share price. However, the overall impact on DAT will depend on its portfolio composition.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Five9 shares fell 27% after cutting 2024 revenue guidance despite beating Q2 revenue and EPS estimates. Analysts lowered price targets but maintained positive ratings, citing potential profitability and AI benefits.
The significant drop in share price is due to the reduced revenue guidance for 2024, which overshadowed the positive Q2 results. Analysts' lowered price targets reflect concerns about future growth, although they remain optimistic about profitability and AI potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100