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UPDATE: William Blair Starts Five9, Inc (FIVN) at Outperform

February 1, 2022 6:55 AM EST
Get Alerts FIVN Hot Sheet
Price: $84.54 +4.29%

Rating Summary:
    19 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 18 | New: 26
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(Updated - February 1, 2022 7:06 AM EST)

William Blair analyst Matt Stotler initiates coverage on Five9, Inc (NASDAQ: FIVN) with a Outperform rating.

The analyst comments "Strong Growth and Operating Metric Performance: In 2020, Five9’s recurring revenues accounted for roughly 92% of total revenue and grew about 34%. This performance represents an acceleration compared with approximately 26% growth in 2019, primarily driven by increased traction in the enterprise segment. Five9 has a strong ability to retain and expand its customer relationships, illustrated by its 123%dollar-based retention rate as September 30, 2021. The company estimates that its platform powers roughly 7 billion call minutes for its more than 2,000 clients and their customers annually."

For an analyst ratings summary and ratings history on Five9, Inc click here. For more ratings news on Five9, Inc click here.

Shares of Five9, Inc closed at $125.70 yesterday.

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