NEW YORK , Dec. 26, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Five9, Inc. (NASDAQ: FIVN).
Shareholders who purchased shares of FIVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.
com/securities/five9-inc-loss-submission-form/?id=118167&from=4 CLASS PERIOD: June 4, 2024 to August 8, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Five9's net new business was not "strong irrespective of the macro" and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (ii) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and the Company was not "seeing very strong bookings momentum"; and (iii) defendants did not have "enough information in terms of [their] existing customers that are going live" such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis. DEADLINE: February 3, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.
com/securities/five9-inc-loss-submission-form/?id=118167&from=4 N.
