Five9 Inc (NASDAQ:FIVN) is currently trading just shy of $93. The S&P 500 is still down more than 13% for the year but there are certain stocks that provide the perfect “Buy the Dip” opportunity.
Five9 (FIVN), a cloud-software provider for contact centers, has the most upside, according to Barclays. Its 14-day RSI is 29.2, which indicates the stock is oversold. Yet Five9 had second-quarter revenue that grew 32% year over year, reaching a record $189.4 million — beating expectations.
“Given the mission criticality of contact centers and a massive yet barely penetrated TAM, as well as our leading platform, go-to-market machine and proven execution, we remain confident in delivering durable and profitable growth,” Five9 CEO Rowan Trollope said in a statement announcing earnings.
The stock is down about 32% year to date.
