Pacific Crest Upgrades Five9 Inc to Overweight

Brokerage firm Pacific Crest Upgrades its rating on Five9 Inc(FIVN). The shares have been rated Overweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by the stock financial advisor at Pacific Crest was issued on Mar 17, 2017 in a research report to their Investors and Clients.

Five9 Inc (FIVN) shares turned negative on Wednesdays trading session with the shares closing down -0.54 points or -2.93% at a volume of 3,80,261. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.5349. The peak price level was also seen at $18.5349 while the days lowest was $17.4. Finally the shares closed at $17.89. The 52-week high of the shares is $18.82 while the 52-week low is $8.11. According to the latest information available, the market cap of the company is $955 M.

Five9 Inc(FIVN) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $38.89M. Analysts had an estimated revenue of $36.85M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2017, Michael Burkland (CEO, President and Chairman) sold 24,000 shares at $16.39 per share price.Also, On Mar 8, 2017, Scott Welch (EVP, Cloud Operations) sold 9,062 shares at $16.36 per share price.On Feb 24, 2017, Gaurav Passi (EVP, Product Management) sold 26,644 shares at $16.45 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.

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