FIVN - Five9: Focus On Big Client Win And Margin Expansion Levers

2024-05-20 10:03:00 ET

Summary

• Five9 recorded the biggest client win in its history recently, and this validates the company's strategy that focuses on winning over larger customers.
• FIVN's Q1 2024 EBITDA margin turned out to be +110 basis points above the consensus estimate, and this bodes well for the company's mid-to-long term operating profitability outlook.
• I am staying bullish on Five9 stock, considering its large customer win and margin improvement drivers.

Elevator Pitch

I award a Buy rating to Five9, Inc. ( FIVN ) stock. In my prior December 1, 2023 write-up , I drew attention to the read-throughs from Five9's management comments at recent investor conferences....

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