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Fly News Breaks for August 1, 2019
FIVN
Aug 1, 2019 | 07:42 EDT
SunTrust analyst Terry Tillman raised his price target on Five9 to $66 and kept his Buy rating after its "impressive" Q2 sales execution and increased FY19 guidance. The analyst also cites the company's "record enterprise bookings" in the quarter, with enterprise sales as a percent of total edging higher to 79%. Tillman believes Five9 can sustain 30% or more enterprise growth rate over a multi-year period.
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