Five9 rises on S&P SmallCap addition

Five9

30/07/2026 12:37

** Contact-center software firm Five9 FIVN.O shares up 4.9% before the bell to $28.50 as it's set to join S&P SmallCap 600 index .SPCY next week
** FIVN to replace Two Harbors Investment TWO.N effective Mon, Aug 3, S&P Dow Jones Indices announced late Weds
** Mortgage-servicing-rights-focused REIT Two Harbors being acquired by CrossCountry Mortgage in deal expected to close soon
** Stephens analyst Melissa Roberts said in a note she expects passive funds will need to purchase 10.4 mln FIVN shares, which implies about 3 days of buying demand
** San Ramon, California-based FIVN has ~76.56 mln shares outstanding for about $2.1 bln market cap
** Through Weds, stock up 59% over the past three months, putting it up ~35% YTD
** 15 of 21 analysts rate the stock "strong buy" or "buy", 6 "hold"; median PT $25, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))