FIVN INVESTORS: Kirby McInerney LLP Reminds Five9 Investors of Important Deadline and Encourages Investors to Contact the Firm

[LEARN MORE ABOUT THE CLASS ACTION]

On August 8, 2024, Five9 released its second quarter 2024 financial results. The Company cut its annual revenue guidance and stated that it was "no longer assuming" a positive inflection in its dollar-based retention rate ("DBRR") in the second half of the year. The Company revealed that it "had a challenging bookings quarter" due to constrained customer budgets and was taking remedial action to address sales execution issues. On this news, the price of Five9 shares declined by $11.25 per share, or approximately 26.5%, from $42.47 per share on August 8, 2024, to close at $31.22 on August 9, 2024.

The complaint alleges that Five9 misrepresented the purported strength of the Company's net new business bookings and visibility into its installed customer base.

If you purchased or otherwise acquired Five9 securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.

CONTACT FORM

Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234135