Why Five9 Stock Was Flailing on Friday

Contact center software solutions provider (NASDAQ: FIVN) has been having a forgettable Friday on the stock exchange.

After the company published its latest set of quarterly results and announced a top-level managerial change, investors sold out of its stock to the point where it was down nearly 4% in late-session trading. That slide was notably more pronounced than the 1.7% decrease of the S 500 index.

For its second quarter, Five9 posted a record-high revenue figure of over $283 million, which was 12% higher year over year. Artificial intelligence (AI) played a significant role in this, as the company's enterprise AI revenue advanced by 42% during the period.

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Source Fool.com