EGain Shares Slump on Gloomy Outlook

Shares of eGain Plunge to Five-Year Low Following Lowered Guidance

Shares of eGain, a Sunnyvale, California-based company specializing in customer engagement services powered by artificial intelligence, plunged to a five-year low after the company revised its annual earnings and revenue guidance. The stock was down by 22% in early trading, hitting $5.95 per share, a level not seen since December 2018.