Long Position on FIVN @ $108.50 on 6/23/2020 (Fundamentals)

Five9, Inc. (FIVN), together with its subsidiaries, provides cloud software for contact centers in the United States and internationally.

The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Its solution enables its clients to manage these customer interactions across various channels, including voice, chat, email, Web, social media, and mobile, as well as connects them to an appropriate agent.

The company also provides a set of management applications, such as workforce management, reporting, quality management, and supervisor tools.

It serves customers in various industries comprising banking and financial services, business process outsourcers, consumer, healthcare, and technology.

The stock's chart should continue to move along it's upward trend line. Higher share prices in its future.

Entry point: $108.50

52-week trade range: $46.22 - $108.99

Stop/Loss: $103.00

Target Price: $119.35

Updates

7/9/2020 9:37:16 AM

FIVN closed at $120.85

Position closed on 7/9/2020 at price of $120.85 with a 11.38% gain in 16 days.

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