Why Five9, Inc. (FIVN) stock fell 17.6% on Friday, November 6, 2026

Five9, Inc. (FIVN) closed at $28.12, down 17.63% on Friday, November 6, 2026, on volume of 6,546,725 shares (3.2× its 3-month average); market value about $2.10B.

What happened: primary sources

Events Nexqual found for FIVN on Friday, November 6, 2026 or the trading day before (November 5, 2026):

Nov 5, 2026: Reported Q3 2026 results: adjusted EPS $0.82 vs consensus $0.80 (beat), revenue $323.3M vs consensus $319.0M (beat). Guidance: For Q4 2026, revenue is expected in the range of $328.0 to $334.0 million. source
Nov 5, 2026: SEC 8-K: Entered a material agreement source
Quoted from the filing: “Merger Agreement On November 5, 2026, Five9, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among the Company, Ujwal, Inc. (d/b/a Level AI), a Delaware corporation ("Level AI"), Lander Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company ("Merger Sub"), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative of the securityholders of Level AI, pursuant to…”
Nov 6, 2026: DA Davidson: Target lowered, Neutral, price target $33 → $30
Nov 6, 2026: Truist Securities: Target lowered, Buy, price target $40 → $35
Nov 6, 2026: Barclays: Target lowered, Overweight, price target $40 → $38
Nov 6, 2026: Wells Fargo: Target lowered, Equal-Weight, price target $36 → $28
Nov 6, 2026: Keybanc: Target raised, Overweight, price target $32 → $34
Nov 6, 2026: Evercore ISI Group: Downgrade, Outperform → In-Line, price target $24

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on FIVN

FIVN stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: FIVN results, November 5, 2026. Other big moves that day: November 6, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:31 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 10, 2026 at 16:31 UTC. This page is informational and not investment advice.

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