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Fly News Breaks for August 4, 2016
FIVN
Aug 4, 2016 | 09:27 EDT
Needham analyst Scott Berg raised his price target for Five9 to $15 from $11 saying that the continued momentum in the company's enterprise customer segment drove its "strong" quarter. The analyst believes the company's operating model has delivered significant leverage, which could drive its first ever positive EPS in the second half of 2017. Needham has a Buy rating on the shares.
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