Five9 Inc (FIVN) is Initiated by Craig Hallum to Buy

Five9 Inc (FIVN) was Initiated by Craig Hallum to “Buy”. Craig Hallum advised their investors in a research report released on Jun 9, 2016.

Many Wall Street Analysts have commented on Five9 Inc. Needham Resumed Five9 Inc on May 16, 2016 to “Buy”, Price Target of the shares are set at $11.Company shares were Reiterated by Canaccord Genuity on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $10 .

On the company’s financial health, Five9 Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.07. The company had revenue of $38.00 million for the quarter, compared to analysts expectations of $36.07 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Five9 Inc opened for trading at $11.8 and hit $11.91 on the upside on Tuesday, eventually ending the session at $11.88, with a gain of 0.68% or 0.08 points. The heightened volatility saw the trading volume jump to 5,00,931 shares. Company has a market cap of $616 M.

In a different news, on Jun 8, 2016, Michael J. Crane (EVP, Services) sold 2,362 shares at $11.65 per share price. According to the SEC, on Jun 8, 2016, Scott Welch (EVP, Cloud Operations) sold 1,810 shares at $11.64 per share price. On Jun 8, 2016, Daniel P. Burkland (officer ) sold 2,603 shares at $11.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Five9 Inc. (Five9) is a 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 Company facilitates over three billion interactions between its 2000 clients and clients’ customers 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 email Web social media and mobile channels either directly or through its application programming interface. 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.

Five9 Inc

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