Five9 Stock (NASDAQ:FIVN), Trade Ideas

Five9

Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.

FIVE9, INC.

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Five9 Inc

Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Five9, revealing an average target of $84.5, a high estimate of $95.00, and a low estimate of $70.00. Observing a downward trend, the current average is 9.72% lower than the prior average price target of $93.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1713808864_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Five9 is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$75.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$70.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$80.00</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$86.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Five9. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Five9 compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Five9's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Five9's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FIVN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Five9 analyst ratings.</a>
<h2>Delving into Five9's Background</h2>
Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.
<h3>Understanding the Numbers: Five9's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Five9's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 14.74%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Five9's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -5.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Five9's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.4%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Five9's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.84%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Five9's debt-to-equity ratio surpasses industry norms, standing at 1.48. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What 8 Analyst Ratings Have To Say About Five9

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
Susquehanna raised the price target for Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) from $70 to $81. Susquehanna analyst Biju Perincheril maintained a Positive rating. Occidental Petroleum shares rose 0.9% to close at $66.63 on Friday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock</a>.
Keybanc boosted the price target for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) from $165 to $175. Keybanc analyst Justin Patterson maintained an Overweight rating. Alphabet shares fell 1.2% to close at $154.09 on Friday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock</a>.
Chardan Capital increased Ocugen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) price target from $4 to $5. Chardan Capital analyst Daniil Gataulin maintained a Buy rating. Ocugen shares closed at $1.32 on Friday. <a href="https://www.benzinga.com/quote/OCGN/analyst-ratings">See how other analysts view this stock.</a>
Canaccord Genuity cut the price target for Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) from $90 to $75. Canaccord Genuity analyst David Hynes maintained a Buy rating. Five9 shares fell 0.6% to close at $57.09 on Friday. <a href="https://www.benzinga.com/quote/FIVN/analyst-ratings">See how other analysts view this stock</a>.
Susquehanna increased ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) price target from $133 to $154. Susquehanna analyst Biju Perincheril maintained a Positive rating. ConocoPhillips shares rose 1.2% to close at $129.38 on Friday. <a href="https://www.benzinga.com/quote/COP/analyst-ratings">See how other analysts view this stock</a>.
Keybanc cut Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $575 to $555. Keybanc analyst Justin Patterson maintained an Overweight rating. Meta shares fell 4.1% to close at $481.07 on Friday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock</a>.
Stifel slashed the price target for Accolade, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) from $15 to $13. Stifel analyst David Grossman maintained a Buy rating. Accolade shares fell 0.4% to close at $9.13 on Friday. See how other analysts view this stock.
Oppenheimer raised Protara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARA#NASDAQ">TARA</a>) price target from $26 to $30. Oppenheimer analyst Leland Gershell maintained an Outperform rating. Protara Therapeutics shares fell 4% to close at $2.64 on Friday. <a href="https://www.benzinga.com/quote/TARA/analyst-ratings">See how other analysts view this stock</a>.
Mizuho slashed Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) price target from $7 to $6. Mizuho analyst John Baumgartner maintained an Underperform rating. Beyond Meat shares rose 0.2% to close at $6.41 on Friday. <a href="https://www.benzinga.com/quote/BYND/analyst-ratings">See how other analysts view this stock</a>.
Morgan Stanley increased Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) price target from $28.5 to $36.5. Morgan Stanley analyst Carlos De Alba upgraded the stock from Underweight to Equal-Weight. Alcoa shares rose 0.2% to close at $35.53 on Friday. <a href="https://www.benzinga.com/quote/AA/analyst-ratings">See how other analysts view this stock</a>.
Read More: <a href="https://www.benzinga.com/news/24/04/38350885/albertsons-companies-nucor-and-3-stocks-to-watch-heading-into-monday">Albertsons Companies, Nucor And 3 Stocks To Watch Heading Into Monday</a>

Canaccord Genuity analyst David Hynes maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and lowers the price target from $90 to $75.

Canaccord Genuity Maintains Buy on Five9, Lowers Price Target to $75

RBC Capital analyst Rishi Jaluria initiates coverage on Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Outperform rating and announces Price Target of $80.

Initiation

RBC Capital Initiates Coverage On Five9 with Outperform Rating, Announces Price Target of $80

Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $88.75, along with a high estimate of $95.00 and a low estimate of $80.00. A 5.18% drop is evident in the current average compared to the previous average price target of $93.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1710507617_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Five9 by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$80.00</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$86.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$93.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$86.00</td>
<td>$84.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Five9. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Five9 compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Five9's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Five9's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FIVN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Five9 analyst ratings.</a>
<h2>Delving into Five9's Background</h2>
Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.
<h3>Key Indicators: Five9's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Five9 showcased positive performance, achieving a revenue growth rate of 14.74% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Five9's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -5.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.4%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Five9's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.84%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 1.48, Five9 faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 8 Analyst Recommendations For Five9

The net proceeds from the sale of notes in connection with the exercise of the option to purchase additional notes is expected to result in approximately&nbsp;$95.3 million&nbsp;of additional net proceeds. Five9 expects to use a portion of the net proceeds from the sale of the additional notes to enter into additional capped call transactions with one of the initial purchasers in the offering and other financial institutions. The remainder of the additional net proceeds from the sale of the additional notes is expected to be used for working capital and other general corporate purposes.

Five9 Announces Exercise Of The Option To Purchase Additional 1.00% Convertible Notes Due 2029

Five9, Inc. announced the pricing of&nbsp;$650.0 million&nbsp;aggregate principal amount of&nbsp;1.00%&nbsp;convertible senior notes due 2029 (the &quot;notes&quot;) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the &quot;Act&quot;). The offering size was increased from the previously announced offering size of&nbsp;$600.0 million&nbsp;aggregate principal amount of the notes. Five9 also granted the initial purchasers of the notes a 13-day option to purchase up to an additional&nbsp;$97.5 million&nbsp;aggregate principal amount of the notes.
The sale of the notes to the initial purchasers is expected to settle on March 1, 2024, subject to customary closing conditions, and is expected to result in approximately&nbsp;$633.5 million&nbsp;(or, if the initial purchasers fully exercise their option to purchase additional notes, approximately&nbsp;$728.8 million) in net proceeds to Five9 after deducting the initial purchasers&#39; discount and estimated offering expenses payable by Five9.

Five9 Prices Upsized $650M 1.00% Convertible Senior Notes Due 2029

WIIM

Five9 shares are trading lower after the company announced a proposed $600 million convertible notes offering.

Five9, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) shares are trading lower Tuesday morning. Yesterday, the company announced a proposed $600 million&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37320950/five9-announces-proposed-600-million-convertible-notes-offering" rel="noreferrer noopener">convertible notes offering</a>.
The aggregate principal amount of convertible senior notes is due 2029 in a private placement to qualified institutional buyers.
Five9 also expects to grant the initial purchasers of the notes a 13-day option to buy up to an additional $90 million principal amount. The interest for senior, unsecured obligations notes will be payable semi-annually in arrears.&nbsp;
Five9 anticipates using a portion of the net proceeds from the offering to pay the cost of the capped call transactions and to repurchase a portion of its outstanding 0.500% convertible senior notes due 2025.&nbsp;
The company plans to use the remainder of the net proceeds for working capital and other general corporate purposes.&nbsp;
Last week, the company reported fourth-quarter revenue of $239.1 million, beating the consensus of $238.00 million, and adjusted EPS of $0.61<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37245354/five9-reports-full-year-2023-revenue-growth-of-17-to-a-record-910-million" rel="noreferrer noopener">&nbsp;exceeded the estimate of $0.49</a>.
As of December 31, 2023, Five9 held cash and equivalents plus marketable investments of $730 million. The company expects FY24 revenue of $1.053 billion-$1.057 billion vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$1.055 billion estimate</a>.
Price Action: FIVN shares are down 5.35% at $59.99 premarket on the last check Tuesday.

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Five9, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fivn#NASDAQ">FIVN</a>)</h3>
<ul>
<li>On Feb. 21, Five9 reported fourth-quarter financial results and issued guidance. The company also announced a proposed $600 million convertible notes offering on Feb. 26. The company&rsquo;s stock fell around 21% over the past month and has a <a href="https://www.benzinga.com/quote/FIVN">52-week low of $51.01</a>.</li>
<li>RSI Value: 28.86</li>
<li>FIVN Price Action: Shares of Five9 fell 1% to close at $63.38 on Monday.</li>
</ul>
<h3>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>)</h3>
<ul>
<li>On Jan. 9, CalAmp posted downbeat quarterly results. &ldquo;In the third quarter, strength in our industrial and connected car segments was offset by soft demand in our TSP segment. Soft demand with TSPs led to lower than expected consolidated revenue and Adjusted EBITDA. We continue to work closely with our TSP customers as they rebalance inventory levels and respond to an overall competitive environment. We are optimistic that our rejuvenated efforts in this segment will result in a return to revenue growth from current levels&rdquo; said Interim CEO, Jason Cohenour. The company&rsquo;s stock fell around 10% over the past five days. It <a href="https://www.benzinga.com/quote/CAMP"> has a 52-week low </a> of $2.29.</li>
<li>RSI Value: 15.88</li>
<li>CAMP Price Action: Shares of CalAmp gained 0.3% to close at $3.19 on Monday.</li>
</ul>
<h3>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>)</h3>
<ul>
<li>On Feb. 7, Digital Turbine reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates. &ldquo;Weaker U.S. device upgrade rates and temporary platform consolidation factors represent near-term headwinds, but in no way impact our broader outlook on the tremendous market opportunity in front of us, particularly with respect to the prevailing winds of change in the alternative app distribution world,&rdquo; said Bill Stone, CEO of Digital Turbine. The company&rsquo;s stock fell around 48% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/APPS"> low of $3.04.</a></li>
<li>RSI Value: 23.00</li>
<li>APPS Price Action: Shares of Digital Turbine rose 0.7% to close at $3.10 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37327879/macys-lowes-and-3-stocks-to-watch-heading-into-tuesday"> Macy&#39;s, Lowe&#39;s And 3 Stocks To Watch Heading Into Tuesday </a>

U.S. stock futures were higher this morning, with the Dow futures trading higher by around 15 points on Tuesday.
Shares of Unity Software Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/u#NYSE">U</a>) fell sharply in today&rsquo;s pre-market trading after the company reported mixed financial <a href="https://www.benzinga.com/news/earnings/24/02/37322961/unity-software-stock-tumbles-on-q4-earnings-the-details">results for its fourth quarter</a>.
Unity said fourth-quarter revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed estimates for a loss of 42 cents per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company said it sees first-quarter strategic portfolio revenue in the range of $415 million to $420 million.
Unity Software shares tumbled 17.7% to $27.18 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>The Aaron&#39;s Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aan#NYSE">AAN</a>) shares tumbled 27% to $7.64. Aaron&#39;s reported a loss for the fourth quarter, while sales missed estimates.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) fell 19.8% to $5.03 in pre-market trading. Intuitive Machines said communications with moon lander Odysseus is expected to cease Tuesday morning, effectively ending mission 5 days after touchdown, Reuters reported.</li>
<li>CarGurus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/carg#NASDAQ">CARG</a>) shares declined 14.3% to $20.47 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares dipped 10.7% to $13.73 in pre-market trading. Nyxoah is expected to release financial results for the fourth quarter on March 5, 2024.</li>
<li>Five9, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fivn#NASDAQ">FIVN</a>) shares fell 8.2% to $58.19 in pre-market trading after the company announced a proposed $600 million convertible notes offering.</li>
<li>Workday, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) shares declined 7.4% to $284.54 in pre-market trading after the company reported fourth-quarter financial results, reiterated guidance and announced its intent to acquire HiredScore.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) shares fell 4.1% to $5.70 in pre-market trading following quarterly results.</li>
<li>Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>) shares declined 3.5% to $144.76 in pre-market trading. Hess filed for mixed shelf offering.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37327970/investor-optimism-falls-further-ahead-of-major-economic-reports"> Investor Optimism Falls Further Ahead Of Major Economic Reports </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

CARG

GSX Techedu Inc. American Depositary Shares

GOTU

LUNR

NYXH

WDAY

Unity Software Posts Q4 Loss, Joins CarGurus, Intuitive Machines And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) shares increased by 12.2% to $70.83 during Monday's after-market session. The market value of their outstanding shares is at $21.5 billion. As per the press release, Q4 earnings came out today. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock increased by 10.51% to $0.83. The market value of their outstanding shares is at $14.0 million. </li>
<li>Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) stock increased by 9.12% to $10.58. The company's market cap stands at $109.7 million. </li>
<li>Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) shares increased by 4.23% to $1.97. The company's market cap stands at $41.3 million. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) stock moved upwards by 4.1% to $2.79. The market value of their outstanding shares is at $31.7 million. The company's, H1 earnings came out yesterday. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock moved upwards by 4.04% to $0.35. The company's market cap stands at $3.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) stock declined by 16.0% to $27.76 during Monday's after-market session. The company's market cap stands at $10.5 billion. As per the news, the Q4 earnings report came out today. </li>
<li>PowerSchool Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWSC#NYSE">PWSC</a>) stock fell 12.58% to $19.75. The market value of their outstanding shares is at $3.9 billion. As per the press release, Q4 earnings came out today. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) shares declined by 7.31% to $0.52. The company's market cap stands at $1.9 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares fell 6.09% to $11.27. The company's market cap stands at $66.9 million. </li>
<li>Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) stock decreased by 5.61% to $290.0. The market value of their outstanding shares is at $76.2 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) stock decreased by 5.18% to $60.1. The company's market cap stands at $4.4 billion. As per the press release, Q4 earnings came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASTI

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MicroCloud Hologram Inc. - Ordinary Shares

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12 Information Technology Stocks Moving In Monday's After-Market Session

Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), the Intelligent CX Platform provider, today announced its intention to offer, subject to market conditions and other factors, $600 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). Five9 also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $90 million aggregate principal amount of the notes.
The notes will be senior, unsecured obligations of Five9, and interest will be payable semi-annually in arrears. The notes will be convertible into cash, shares of Five9's common stock ("common stock"), or a combination thereof, at Five9's election. The interest rate, initial conversion rate and other terms of the notes are to be determined upon pricing of the offering. The notes will also be redeemable at the option of Five9 after a specified date if certain conditions are met.
Five9 expects to use a portion of the net proceeds of the offering of the notes to pay the cost of the capped call transactions described below and to repurchase a portion of its outstanding 0.500% convertible senior notes due 2025 (the "2025 notes") (such transactions, the "2025 note repurchases"). The remainder of the net proceeds from the offering would be used for working capital and other general corporate purposes. The terms of any 2025 note repurchases will depend on factors, including the trading price of the 2025 notes at the time of such 2025 note repurchases. Five9 also expects that holders of the 2025 notes that sell their 2025 notes to Five9 may enter into or unwind various derivatives with respect to Five9's common stock and/or purchase or sell shares of Five9's common stock in the market to hedge their exposure in connection with these transactions. These activities could increase (or reduce the size of any decrease in) the market price of Five9's common stock or the notes. These activities could affect the market price of Five9's common stock concurrently with the pricing of the notes, and could also result in higher effective conversion prices for the notes.
In connection with the pricing of the notes, Five9 expects to enter into capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the "option counterparties"). The capped call transactions are expected generally to reduce potential dilution to Five9's common stock upon any conversion of the notes and/or offset any potential cash payments Five9 is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap based on the cap price. The cap price of the capped call transactions will be determined upon pricing of the notes. If the initial purchasers exercise their option to purchase additional notes, Five9 expects to enter into additional capped call transactions with the option counterparties.
Five9 expects that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates will purchase shares of Five9's common stock and/or enter into various derivative transactions with respect to Five9's common stock concurrently with, or shortly after, the pricing of the notes. These activities could increase (or reduce the size of any decrease in) the market price of Five9's common stock or the notes at that time.
In addition, Five9 expects that the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivative transactions with respect to Five9's common stock and/or by purchasing or selling shares of Five9's common stock or other securities of Five9 in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) during any observation period related to a conversion of notes and (y) following any repurchase of notes by Five9 if it elects to unwind a corresponding portion of the capped call transactions in connection with such repurchase). These activities could cause or avoid an increase or a decrease in the market price of Five9's common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of the notes, could affect the amount and value of the consideration that noteholders will receive upon conversion of the notes.
In connection with the issuance of the 2025 notes, Five9 entered into capped call transactions (the "existing capped call transactions") with certain financial institutions (the "existing option counterparties"). If Five9 repurchases any of the 2025 notes, it expects to enter into agreements with the existing option counterparties to terminate a portion of the existing capped call transactions in a notional amount corresponding to the amount of 2025 notes purchased. In connection with the termination of any of these transactions, Five9 expects the existing option counterparties or their respective affiliates to sell shares of Five9's common stock and/or unwind various derivatives to unwind their hedge in connection with those transactions. This activity could decrease (or reduce the size of any increase in) the market price of Five9's common stock at that time and it could decrease (or reduce the size of any increase in) the market value of the notes. In connection with the termination of the existing option transactions, Five9 will receive payments in amounts that depend in part on the market price of Five9's common stock over a valuation period following the pricing of the notes.
The notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Act. Neither the notes nor the shares of common stock issuable upon conversion of the notes, if any, have been, nor will be, registered under the Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

Five9 Announces Proposed $600M Convertible Notes Offering

Keybanc analyst Thomas Blakey maintains Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Overweight and lowers the price target from $93 to $86.

Keybanc Maintains Overweight on Five9, Lowers Price Target to $86

Five9 shares are trading lower after the company reported Q4 financial results and issued guidance.

Investors pinned hopes on&nbsp;Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings to reinvigorate market momentum, and the AI leader delivered an impressive&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37255783/can-nvidia-join-apple-microsoft-in-2-trillion-club-today-heres-how-much-the-stock-n" target="_blank" rel="noreferrer noopener">beat-and-raise quarter</a>. This news buoyed major index futures in early Thursday trading, signaling a positive start to the day. Analysts have advocated seizing the recent market dip as a buying opportunity, amplifying anticipation for robust buying activity amidst prevalent FOMO sentiments.
However, market participants remain attentive to several factors shaping the day&#8217;s trading landscape, including scheduled Fed speeches, weekly jobless claims data, and private-sector activity readings.
Cues From Wednesday&#8217;s Trading:
Wednesday&#8217;s market session concluded with a mixed tone as investors digested hawkish Fed minutes, coupled with some disappointing tech earnings, while anxiously awaiting Nvidia&#8217;s report. Minutes from the January Federal Open Market Committee meeting revealed the central bank&#8217;s cautious stance on rate cuts, preferring to await clearer signals of sustainable inflation trends.
The day commenced with major indexes opening lower, maintaining a sideways trajectory, before deepening losses post-Fed minutes release. A late-session surge helped propel the S&amp;P 500 and Dow Industrials into positive territory, while the Nasdaq Composite, although ending lower, saw improvement from earlier lows, settling at its highest level since early February.
Energy and utility sectors led gains among the 11 S&amp;P 500 sector classes, while IT stocks experienced declines, reflecting the day&#8217;s mixed sentiment.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.32%</td>
<td>15,580.87</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.13%</td>
<td>4,981.80</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.13%</td>
<td>38,612.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.41%</td>
<td>2,004.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Labor market indicators such as job creation, wages, and layoffs are key data that could be important for determining the sustainability of the market rally, said Morgan Stanley&#8217;s Lisa Shalett. &#8220;With equity valuations already rich, can today's economic strength translate to positive surprises in company earnings? The answer likely hinges on what happens in the U.S. labor market,&#8221; she said.
If the labor market remains tight, with more jobs than available workers, companies may be pressured to raise wages, Shalett said, adding this could boost consumer spending but weigh on company profits. On the other hand, additional slack in the labor market could result in increased productivity and higher corporate profits, she said. &#8220;But there's a risk that a decline in jobs could also bring down consumer spending,&#8221; she said.
The key question is whether the economy strikes a balance between the two sides of that scale, Shalett said.
Futures Today
 Futures Performance On Thursday (as of 7 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+2.16%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+1.35%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.40%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.60%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.33% to $503.80 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 2.14% to $434.73, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is due to release its weekly jobless claims report at 8:30 a.m. ET. The number of individuals claiming unemployment benefits may have climbed to 217,000 in the week ended Feb. 17, up from 212,000 in the previous week.
S&amp;P Global is due to release its flash U.S. manufacturing and service sector readings at 9:45 a.m. ET. The manufacturing purchasing managers&#8217; index is expected to dip from 50.7 in January to 50.5 in February, while the service sector PMI may have edged down from 52.5 to 52.4. Both sectors are expected to stay barely above the &#8217;50&#8217; mark, which demarcates expansion and contraction.
The National Association of Realtors will release its existing home sales report for January at 10 a.m. ET. Economists, on average, expect existing home sales to come in at a seasonally-adjusted annual rate of 3.96 million units, slightly up from the previous quarter&#8217;s 3.78 million units.
Among the Fed officials making public appearances on Thursday are:
<ul>
<li>Fed Vice Chair Philip Jefferson: 10 a.m. ET</li>
<li>Philadelphia Fed President Patrick Harker: 3:15 a.m. ET</li>
<li>Fed Governor Lisa Cook: 5 p.m. ET</li>
<li>Minneapolis Fed President Neel Kashkari: 5 p.m. ET</li>
<li>Fed Gov. Christopher Waller: 7:35 p.m. ET</li>
</ul>
The Energy Information Administration is due to release its weekly petroleum status report at 11 a.m. ET.
The Treasury will auction four- and eight-week bills at 11:30 a.m. ET and 30-year TIPS at 1 p.m. ET.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Nvidia rose over 14% in premarket trading following its stellar quarterly performance.</li>
<li>Other stocks moving on earnings are Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) (down over 6.60%), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (down over 8.5%), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) (down over 14%), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) (down over 4%) and Sunrun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NYSE">RUN</a>) (down about 3%).</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>), Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>), Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>), Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>) and Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) are among the notable companies due to report their quarterly results before the market open.</li>
<li>Those reporting after the close include Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) and Noble Corp Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures edged down 0.06% to $77.86 in early European session on Thursday after the commodity fell by 0.35% on Wednesday. The benchmark 10-year Treasury note slipped 0.018 percentage points at 4.305%. Yield spiked on Wednesday following the hawkish FOMC minutes.
Asian stocks closed Thursday&#8217;s session higher, encouraged by the spike in U.S. futures on Nvidia&#8217;s strong earnings. The European markets traded notably higher by late-morning trading. 
In the currency market, the safe-haven U.S. dollar is weaker against most major currencies.
Related Link: <a href="https://www.benzinga.com/economics/macro-economic-events/24/02/37243710/fed-minutes-stress-inflation-vigilance-push-back-earlier-rate-cut-moves-officials">Fed Minutes Stress Inflation Vigilance, Push Back Earlier Rate Cut Moves: Officials Flag Commercial Real Estate Risks</a>
Photo: Shutterstock

Earnings

Futures

Previews

Economics

Federal Reserve

CAKE

CARS

CVNA

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JACK

LCID

MELI

MRNA

NDSN

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Nasdaq, S&P 500 Futures Jump As Nvidia Surge Raises 'FOMO' Rally Hopes: Analyst Tells Why Jobs Data Holds Key For Momentum

Needham analyst Scott Berg reiterates Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) with a Buy and maintains $90 price target.

Reiteration

Needham Reiterates Buy on Five9, Maintains $90 Price Target

<h3>Gainers</h3>
<ul>
<li>Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) shares increased by 18.5% to $6.85 during Wednesday's after-market session. The company's market cap stands at $1.1 billion. The company's, Q4 earnings came out today. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares increased by 17.26% to $0.95. The market value of their outstanding shares is at $16.1 million. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares rose 9.26% to $0.21. The company's market cap stands at $15.7 million. </li>
<li>SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock increased by 4.24% to $3.93. The market value of their outstanding shares is at $1.0 billion. </li>
<li>ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock rose 4.06% to $128.41. The company's market cap stands at $132.0 billion. </li>
<li>Stronghold Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) shares increased by 3.49% to $5.03. The market value of their outstanding shares is at $59.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares decreased by 10.2% to $0.48 during Wednesday's after-market session. The market value of their outstanding shares is at $6.7 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares declined by 6.71% to $0.27. The company's market cap stands at $3.6 million. </li>
<li>SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) stock declined by 6.13% to $1.38. The market value of their outstanding shares is at $8.9 million. </li>
<li>Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) stock decreased by 5.69% to $67.01. The company's market cap stands at $4.8 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock declined by 5.01% to $1.9. The market value of their outstanding shares is at $20.3 million. </li>
<li>WM Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) shares declined by 5.0% to $0.94. The company's market cap stands at $88.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IFBD

LEDS

MAPS

SDIG

SOUN

12 Information Technology Stocks Moving In Wednesday's After-Market Session

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Wall Street loves nothing more than hypergrowth stocks, especially if it&rsquo;s profitable. Even if a company isn&rsquo;t profitable today, Wall Street will eagerly assign a premium valuation if it sees massive growth potential down the road. That explains the recent enthusiasm around AI, SaaS, and data analytics stocks. Many believe these high-flying tech companies can deliver over 25% compound annual growth for the next decade, a truly rare feat. Naturally, Wall Street has rewarded them with lofty valuations.



However, there remain numerous hidden gems &ndash; hypergrowth stocks that are still depressed despite their enormous growth prospects. Even better, many are on the cusp of profitability or already expanding earnings rapidly. Once Wall Street takes notice, these stocks could deliver outsized multi-bagger returns and help you turn your $10,000 portfolio into something much bigger.



<h2>Flywire Corporation (FLYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/pc-fintech-300x169.png" alt="An image of a laptop with financial icons coming off the screen; graph, mail, house, money; tech stocks"><div>Source: Sittipong Phokawattana/Shutterstock</div></div>I have been bullish on many <a href="https://investorplace.com/industries/financial/fintech/">fintech stocks</a> for the past few months. The fintech sector in general hasn&rsquo;t recovered much compared to the broader market. If you compare fintech software companies to other SaaS companies, the disconnect is now huge. That&rsquo;s despite the fact that many of these fintech names are continuing to grow despite the damp environment caused by rate hikes and hesitant bank partnerships. I believe once rate cuts start and the situation eventually improves, these fintech names can stage a strong comeback.



Flywire Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/flyw-stock-quote/">FLYW</a>) is a global payments enablement and software company. Their platform facilitates payment flows across multiple currencies, payment types, and options. This stock doesn&rsquo;t trade at a bargain-basement valuation, but I believe it can still deliver multi-bagger returns from here. <a href="https://seekingalpha.com/symbol/FLYW/earnings/estimates" target="_blank">EPS growth is expected around 45-60% annually</a> going forward along with revenue growth of around 30% annually. This is a very healthy growth rate, especially considering the company has $655 million in cash against just $3.6 million in debt. It&rsquo;s a financially sound business, and Gurufocus estimates a <a href="https://www.gurufocus.com/stock/FLYW/summary" target="_blank">$70 fair value price by the end of 2026</a>. I&rsquo;m confident in their growth prospects.



<h2>Lightspeed Commerce (LSPD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lspd-stock-300x169.jpg" alt="The Lightspeed Commerce logo on a smartphone representing LSPD stock."><div>Source: Piotr Swat / Shutterstock.com</div></div>Lightspeed Commerce (NYSE:<a href="https://investorplace.com/stock-quotes/lspd-stock-quote/">LSPD</a>) is an e-commerce software company based in Canada. It has robust growth that I believe can propel the stock much higher going forward. Headwinds in 2021 caused LSPD stock to plummet from $124 at its peak to around $15. The stock has been trading basically sideways for a year and a half now, but I foresee a breakout coming in the next few months as core fundamentals have been surging.



Don&rsquo;t get me wrong &ndash; you&rsquo;re still paying 80 times forward 2024 earnings for Lightspeed at current levels. However, if you extend your horizon to 2027, you&rsquo;re only paying <a href="https://seekingalpha.com/symbol/LSPD/earnings/estimates" target="_blank">10 times the estimated 2027 EPS</a> with solid 15-20% annual revenue growth projected this decade. Again, this is a financially sound company, with $749 million in cash against only $23 million in debt. That provides confidence they can fund significant growth in the years ahead and continue expanding, ultimately driving the stock higher.



<h2>Five9 (FIVN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/five9-fivn-stock-1600-300x169.jpg" alt="photo illustration of the Five9 logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>Five9&rsquo;s&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fivn-stock-quote/">FIVN</a>) cloud contact center platform integrates voice, messaging, AI, analytics, and workforce optimization to transform legacy on-premise infrastructure. Trading range-bound for months, I expect FIVN stock to break out in 2024.



The company continues gaining market share in its key segments, powering enterprise contact center migration to the cloud. Profitability runways support significant equity upside even from current reasonable valuations. Indeed, I see a tangible upside for Five9 if execution endures. The company recently beat Q4 earnings results, <a href="https://www.google.com/finance/quote/FIVN:NASDAQ" target="_blank">growing revenue by 15% year-over-year to $239 million</a> and beating EPS estimates by a solid 24%.



Analysts <a href="https://seekingalpha.com/symbol/FIVN/earnings/estimates" target="_blank">expect Five9&rsquo;s EPS to quadruple over the next eight years</a>, along with revenue quadrupling from $1 billion to $4 billion during that timeframe as well. Thus, I view it as a solid growth stock capable of delivering multibagger returns if execution stays on track. Gurufocus estimates a <a href="https://www.gurufocus.com/stock/FIVN/summary" target="_blank">$213 fair value</a> per share by the end of 2026.



<h2>ITM Power (ITMPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/hydrogen-molecule-400x225-1-300x169.jpg" alt="3D illustration of Hydrogen molecule"><div>Source: Corona Borealis Studio / Shutterstock.com</div></div>ITM Power (OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmpf-stock-quote/">ITMPF</a>) is an energy storage and clean fuel company based in the U.K. It produces green hydrogen using electricity and water. While the core business has been burning through substantial cash, the situation is improving. Most importantly, ITM Power has $308 million in cash reserves. Meanwhile, losses have been rapidly declining &ndash; down to just <a href="https://www.google.com/finance/quote/ITMPF:OTCMKTS" target="_blank">$9.1 million per quarter</a>. At the same time, revenue is projected to climb <a href="https://seekingalpha.com/symbol/ITMPF/earnings/estimates" target="_blank">from $24 million currently to nearly $1 billion</a> over the next eight years. Those losses will likely turn into healthy profits during that timeframe.



Thus, I am very bullish on this stock if everything goes according to plan. It could deliver phenomenal returns. However, it is an equally risky play, since Gurufocus categorizes it as a <a href="https://www.gurufocus.com/stock/ITMPF/summary" target="_blank">potential value trap</a>. If execution matches expectations, though, the fair price value is estimated above $78 by the end of 2026. I see sizable upside if management executes.



<h2>JinkoSolar (JKS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/jks-stock-300x169.jpg" alt="The JinkoSolar logo displayed on a plain white wall."><div>Source: Lutsenko_Oleksandr / Shutterstock.com</div></div>JinkoSolar (NYSE:<a href="https://investorplace.com/stock-quotes/jks-stock-quote/">JKS</a>) is a major Chinese solar company that I believe has been overly punished recently. Investors have turned bearish on Chinese stocks broadly, causing indiscriminate selling pressure on companies like JinkoSolar despite relatively strong fundamentals. JinkoSolar has also faced excessive fears around tariffs and sanctions. This has led to capital fleeing the stock and its peers.



However, the reality is that JinkoSolar has expanded rapidly over the past few years, demonstrating best-in-class operations. Its valuation should be far richer given its tremendous growth. JKS stock currently trades at just 2.4 times forward earnings and 0.09 times sales, pricing in irrational fears rather than actual business performance. EPS is <a href="https://seekingalpha.com/symbol/JKS/earnings/estimates" target="_blank">expected to climb from $12 today to $20 by 2027</a> alongside robust revenue growth. Analysts forecast JinkoSolar&rsquo;s revenue to rise from $16 billion now to $26 billion by 2027 as global solar demand expands.



The primary justification for this rock-bottom valuation seems to be the company&rsquo;s high debt obligations. However, I don&rsquo;t believe that warrants so much bearishness. JinkoSolar has delivered tremendous earnings growth despite its leverage. Once sentiment shifts, the upside for JKS stock could be enormous given its stellar growth trajectory.



<h2>HAL Trust (HALFF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/bank-lending-capital-1600-300x169.jpg" alt="hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks"><div>Source: shutterstock.com/CC7</div></div>The real estate market has been weak in many countries over the past two years due to rising rates. However, housing shortages persist and real estate growth is returning in various regions. HAL Trust (OTCMKTS:<a href="https://investorplace.com/stock-quotes/halff-stock-quote/">HALFF</a>) is an investment firm primarily holding shares in other companies. It focuses on portfolio management and real estate asset development.



My bullish view stems from HAL Trust being undervalued relative to the broader asset management industry. Growth and profits are already solid. The company <a href="https://www.google.com/finance/quote/HALFF:OTCMKTS" target="_blank">delivered 53% year-over-year revenue growth</a> in its June 2023 quarter. However, its P/E ratio remains inexpensive at just 8 times earnings. The <a href="https://www.gurufocus.com/stock/HALFF/summary" target="_blank">PEG ratio is 0.39, a better value than 90% of asset management peers</a>. The price-to-sales ratio is also only 0.9, superior to 92% of industry players. I see sizable upside from current levels.



<h2>Megaport Limited (MGPPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600d-300x169.jpg" alt="A man examines a digital screen with different icons for software."><div>Source: Shutterstock</div></div>Megaport Limited (OTCMKTS:<a href="https://investorplace.com/stock-quotes/mgppf-stock-quote/">MGPPF</a>) is a software-based elastic connectivity provider. In plain terms, it gives customers the ability to easily connect their networks to other services or data centers as required. This elasticity enables efficient resource allocation, cost-savings, and agility in managing network connectivity.



I believe this niche business model can generate substantial returns if adoption takes off. Remember, we&rsquo;re amid a data and cloud computing boom. It&rsquo;s not a cheap stock, but I see massive growth potential. Gurufocus <a href="https://www.gurufocus.com/stock/MGPPF/summary" target="_blank">estimates a fair value of $18</a>, twice the current price. It sees fair value reaching $31 by the end of 2026. I think this is a great opportunity. If Megaport lands more AI and cloud contracts, multibagger gains could materialize even at current prices.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/7-hypergrowth-stocks-that-could-turn-10000-into-1-million-by-2028/">7 Hypergrowth Stocks That Could Turn $10,000 into $1 Million by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Hypergrowth Stocks That Could Turn $10,000 into $1 Million by 2028

Five9 receives Outperform rating due to strong CCaaS position: RBC

Five9 receives Outperform rating due to strong market position: RBC

Analysts have been eager to weigh in on the Technology sector with new ratings on Accenture (ACN – Research Report), Tyler Technologies (TYL – Rese...

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Five9 (FIVN) Gets a Buy from Wells Fargo

WPRT, FIVN and FATE are among after hour movers

Five9 (FIVN) has provided an announcement. Five9, Inc. has extended its 2019 Key Employee Severance Benefit Plan (KESP) by a year, continuing to of...

Five9 Extends Severance Benefits Plan for Executives

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Analysts Have Conflicting Sentiments on These Technology Companies: Paycom (PAYC), Five9 (FIVN) and BYD Electronic (International) Co (OtherBYDIF)

These are the 5 Best Technology Stocks to buy in April 2024, as per Wall Street analysts. Tech stocks carry high growth potential and are often dis...

5 Best Technology Stocks to Buy in April 2024, According to Analysts

In a report released on April 12, Michael Turrin from Wells Fargo maintained a Buy rating on Five9 (FIVN – Research Report), with a price target of...

ACMR

AMRX

ANAB

AVGO

BRZE

BYDIF

FATE

FLYW

HALFF

ITMPF

LSPD

LXRX

MGPPF

NICE

OCUL

OMGA

PAYC

STOK

WPRT

Press Releases

Five9 Announces Upcoming Conference Participation

Five9 Announces Proposed $600 Million Convertible Notes Offering

Playvox Announces Partnership Integration with Five9 to Create Exceptional Experiences for Customers and Agents

Five9 Announces Pricing of Upsized $650 Million Convertible Notes Offering

Five9 Announces Exercise of the Option to Purchase Additional 1.00% Convertible Notes Due 2029

Five9 Continues Growth, Surpassing Revenue Records with Industry-Leading AI Innovations, International Expansion, and Partner Acceleration

Five9 Hires Leading Gartner CX Analyst Steve Blood

Five9 Launches GenAI Studio, the First Enterprise-Ready Solution Offering Click-and-Customize Generative AI for the Contact Center

Five9 Announces Enhanced Zendesk Integrations to Unify the Agent Workspace and Meet Customer Needs Faster