FIVN Investors Have Opportunity to Lead Five9, Inc. Securities Fraud Lawsuit | PR Newswire [Video]

, /PRNewswire/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Five9, Inc. (“Five9” or the “Company”) (NASDAQ: FIVN).

Class Period: June 4, 2024 – August 8, 2024

Lead Plaintiff Deadline: February 3, 2025

Investors suffering losses on their Five9 investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to [email protected].

The complaint filed allegesthat, throughout the Class Period, Defendants failed to disclose to investors that: (1) 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; (2) 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”; (3) Defendants …