UPDATE: Morgan Stanley Downgrades Five9, Inc (FIVN) to Equalweight, Following Acquisition

Wells Fargo Downgrades Five9, Inc (FIVN) to Equal Weight

Wells Fargo analyst Michael Turrin downgraded Five9, Inc (NASDAQ: FIVN) from Overweight to Equal Weight with a price target of $200.00 (from $230.00).

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 $177.60 yesterday.

Pre-Open Stock Movers 07/19: (NRXP) (CYTK) (AEHR) Higher; (RCAT) (NCLH) (CCL) Lower (more...)

Pre-Open Stock Movers:

NRx Pharmaceuticals (Nasdaq: NRXP) 48.9% HIGHER; will present data at the Disease Control and Prevention Summit on July 21, 2021 at 10:10 EST. The presentation identifies a statistically significant effect of ZYESAMI (aviptadil) in preventing the sharp rise in cytokines, commonly associated with mortality in patients with COVID-19. In the recently-completed phase 2b/3 trial, patients treated with placebo experienced a statistically significant elevation in interleukin 6 (IL-6) cytokine levels, whereas those treated with ZYESAMI had a minimal increase in IL-6. Change in cytokine level was a prespecified endpoint of the... More

RingCentral, Inc. (RNG) Falls 5% on ZM/FIVN Deal

RingCentral, Inc. (NYSE: RNG) falls 5.6% in pre-open trading after Zoom Video Communications (NASDAQ: ZM) agreed to acquire Five9 (NASDAQ: FIVN) for $14.7 billion.

Needham & Company Downgrades Five9, Inc (FIVN) to Hold

Needham & Company analyst Scott Berg downgraded Five9, Inc (NASDAQ: FIVN) from Buy to Hold.

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 $177.60 yesterday.

Zoom (ZM) Falls on Deal to Buy Five9 (FIVN) For $14.7 Billion

Shares of Zoom Video Communications (NASDAQ: ZM) are down by more than 3% in pre-open Monday after the company announced a deal to acquire a provider of cloud contact center software Five9 (NASDAQ: FIVN) for $14.7 billion.

On the other hand, FIVN stock price soared 8.4% on news. Five9 stockholders will receive 0.5533 shares of Class A common stock of Zoom for each share of Five9. This translates into an implied share price of $200.28 for each Five9 stock, a premium of 12.7% compared to the closing... More

Zoom Video's (ZM) Five9 (FIVN) Acquisition Opens a 24B Opportunity - Morgan Stanley

Morgan Stanley analyst Meta Marshall reiterated an Equalweight rating and $360.00 price target on Zoom Video (NASDAQ: ZM) after the company announced the ~$14.7bn, all-stock, acquisition of Five9 (NASDAQ: FIVN) in an all stock deal. The acquisition gives... More

Zoom (ZM) to Acquire Five9 (FIVN) for $14.7B in Stock

Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has entered into a definitive agreement to acquire Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately $14.7 billion. Combining Five9s Contact Center as a Service solution with Zooms broad communications platform will transform how businesses connect with their customers, building the customer engagement platform of the future.

The acquisition is expected to help enhance Zooms presence with enterprise customers and allow it to... More

Zoom to buy cloud-based call center operator Five9 in $15 billion deal

(Reuters) -Zoom Video Communications Inc struck a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc in its largest-ever acquisition, as it looks to expand beyond its core video-conferencing services.

Zoom has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted its services to hold virtual classes, office meets and socialize.

But with rapid vaccination and life creeping back to normality, analysts and investors are looking to see how Zoom will sustain its hot streak of growth, especially with rivals Microsoft Corp, Cisco Systems Inc... More