Exclusive: What’s Next for Five9 Inc After Today’s Huge Increase?

Exclusive: What's Next for Five9 Inc After Today's Huge Increase?

The stock of Five9 Inc (NASDAQ:FIVN) is a huge mover today! The stock increased 3.54% or $0.49 during the last trading session, hitting $14.32. About 402,917 shares traded hands or 7.65% up from the average. Five9 Inc (NASDAQ:FIVN) has risen 44.82% since March 29, 2016 and is uptrending. It has outperformed by 41.34% the S&P500.
The move comes after 6 months positive chart setup for the $747.17 million company. It was reported on Oct, 31 by Barchart.com. We have $23.48 PT which if reached, will make NASDAQ:FIVN worth $478.19M more.

Analysts await Five9 Inc (NASDAQ:FIVN) to report earnings on November, 1. They expect $-0.10 EPS, up 16.67% or $0.02 from last year’s $-0.12 per share. After $-0.07 actual EPS reported by Five9 Inc for the previous quarter, Wall Street now forecasts 42.86% negative EPS growth.

Five9 Inc (NASDAQ:FIVN) Ratings Coverage

Out of 7 analysts covering Five9 Inc (NASDAQ:FIVN), 6 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 86% are positive. Five9 Inc has been the topic of 9 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Roth Capital initiated Five9 Inc (NASDAQ:FIVN) rating on Thursday, April 14. Roth Capital has “Buy” rating and $16 price target. As per Monday, January 4, the company rating was initiated by Northland Capital. The stock has “Overweight” rating given by Barclays Capital on Wednesday, January 6. The rating was reinitiated by Needham on Monday, May 16 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 4. The company was downgraded on Tuesday, September 20 by Bank of America. The company was maintained on Thursday, December 3 by Canaccord Genuity. The firm earned “Buy” rating on Thursday, June 9 by Craig Hallum.

According to Zacks Investment Research, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California.”

More recent Five9 Inc (NASDAQ:FIVN) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 04, 2014. Also Businesswire.com published the news titled: “Five9 Named a Leader in the Gartner Magic Quadrant for Contact Center as a …” on October 27, 2016. Fool.com‘s news article titled: “Why Five9 Inc. Stock Popped Today” with publication date: May 18, 2016 was also an interesting one.

FIVN Company Profile

Five9 Inc. (Five9), incorporated on March 13, 2001, is a well-known provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Firm facilitates over three billion interactions between its 2,000 clients and clients’ clients per year. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs). The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications, such as customer relationship management (CRM) software, to manage the customer experience and agent productivity.

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