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Fly News Breaks for May 2, 2018
CSCO, FIVN
May 2, 2018 | 08:37 EDT
Needham analyst Scott Berg raised his price target on Five9 (FIVN) to $35 after the company's Q1 earnings beat and raised FY18 guidance. Berg says he remains "most impressed" with the company's Enterprise segment, where growth rates accelerated for the 2nd straight quarter. The analyst is also positive on the company's appointment of Rowan Trollope as new CEO, adding that he is a "seasoned veteran" with experience in running Cisco's (CSCO) Contact Center, UC, and Webex applications. Berg keeps his Buy rating on Five9.
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