David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

Five9 Not Suited For The Enterprise Market

Five9, Inc. (NASDAQ:FIVN) is a provider of cloud-based contact center solutions. These solutions are used to deploy and manage customer service centers. Five9 has been one of the fastest-growing contact center solutions providers. From 2009-2013, revenue grew at a CAGR of 44.2%. This growth has continued into 2014 with revenue growing 21.7% in Q2 and 24.3% for the entire first half. Although second-quarter revenue grew 21.7%, it still fell short of expectations by $18 million. Revenue fell short of expectations but EPS was able to beat estimates by $0.02. Despite solid quarterly earnings, the company's stock fell over 13.6% the day after earnings and has continued to decline a total of 20.7%. The stock's rapid decline is the...

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