Investors who lost money with shares of Five9, Inc. (NASDAQ: FIVN) should contact the Shareholders Foundation in connection with pending Lawsuit

An investor, who purchased shares of Five9, Inc. (NASDAQ: FIVN), filed a lawsuit over alleged violations of Federal Securities Laws by Five9, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Five9, Inc. (NASDAQ: FIVN) have certain options and for certain investors are short and strict deadlines running. Deadline: February 3, 2025. NASDAQ: FIVN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

San Ramon, CA based Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally.

On August 8, 2024, Five9, Inc. 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.

Shares of Five9, Inc. (NASDAQ: FIVN) declined from $46.83 per share on July 26, 2024, to as low as $26.60 per share on September 10, 2024.

According to the complaint the plaintiff alleges on behalf of purchasers of Five9, Inc. (NASDAQ: FIVN) common shares between June 4, 2024 to August 8, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 4, 2024 to August 8, 2024, Five9 misrepresented the purported strength of the Company's net new business bookings and visibility into its installed customer base, and that when these statements were made, that Five9 was in the throes of a "challenging bookings quarter" due to constrained and scrutinized customer budgets and sales execution issues, forcing the Company to cut its annual revenue guidance and take remedial action to address sales execution issues, and that as a result of their purchases of Five9 securities, including call options, between June 4, 2024 to August 8, 2024, Plaintiff and other members of the Class suffered economic loss.

Those who purchased shares of Five9, Inc. (NASDAQ: FIVN) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.