FIVN – Thoughts on this company

Nov 21, 2021 09:42 AM 0 Answers
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What are your thoughts on FIVN? Since contact center is going to have some revolution, I am hoping to get into this.

There is a reason Zoom Video wanted to buy this company. I am trying to figure out the reason. The company has seen decelerating sales and earnings growth for a few quarters. The fund ownership has been shrinking for the past few quarters. The stock is 29% off its high and trading below its 200dma. It has seen four waves of selling. Perhaps, one more and it can make a bottom?

What is trending downward can stay trending for a long time. I would not be in a hurry to buy this stock. There is plenty of competition in this space, and some competitors look more appealing to me.

I hope this answers your question!



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