Today’s Market Runner: What’s in Five9 Inc After Today’s Significant Increase?

Today's Market Runner: What's in Five9 Inc After Today's Significant Increase?

The stock of Five9 Inc (NASDAQ:FIVN) is a huge mover today! About 1.96M shares traded hands or 436.45% up from the average. Five9 Inc (NASDAQ:FIVN) has risen 65.10% since April 18, 2016 and is uptrending. It has outperformed by 60.67% the S&P500.
The move comes after 9 months positive chart setup for the $853.73 million company. It was reported on Nov, 18 by We have $18.60 PT which if reached, will make NASDAQ:FIVN worth $179.28M more.

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 10 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Roth Capital initiated Five9 Inc (NASDAQ:FIVN) on Thursday, April 14 with “Buy” rating. The firm has “Outperform” rating by Northland Capital given on Monday, January 4. The firm has “Buy” rating given on Monday, May 16 by Needham. Bank of America downgraded Five9 Inc (NASDAQ:FIVN) on Tuesday, September 20 to “Underperform” rating. The stock has “Overweight” rating given by Barclays Capital on Wednesday, January 6. The rating was maintained by Barclays Capital with “Overweight” on Thursday, August 4. The firm has “Buy” rating by Craig Hallum given on Thursday, June 9. The stock of Five9 Inc (NASDAQ:FIVN) earned “Buy” rating by Canaccord Genuity on Thursday, December 3. The firm has “Buy” rating by Needham given on Wednesday, November 2.

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.”

Another recent and important Five9 Inc (NASDAQ:FIVN) news was published by which published an article titled: “Why Five9 Inc. Stock Popped Today” on May 18, 2016.

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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