Five9 (FIVN), the San Ramon, California-based company reported financial results for the third quarter that ended September 30, 2022. The revenue beat the estimates but the fourth quarter and full-year guidance disappointed investors.

Five9 (FIVN) plunges 24% after the announcement that the company’s CEO Rowan Trollope will resign to become the CEO at a pre-IPO company in a different sector.