Five9 Stock Price, News & Analysis

Five9, Inc. (NASDAQ: FIVN) has been selected by COVID Clinic, the largest COVID testing organization in the US, to provide its Cloud Contact Center (CCaaS) solutions. This partnership aims to enhance patient engagement as COVID Clinic manages over 20,000 daily calls. With plans to expand to 200 testing sites by the end of 2021, COVID Clinic requires scalable solutions, which Five9's intelligent virtual agents provide. The implementation was achieved in just 10 days, showcasing Five9's robust cloud architecture and commitment to improving patient experiences amidst the ongoing pandemic.

Five9, Inc. (NASDAQ: FIVN) has partnered with CANCOM, a global Digital Transformation Partner, making Five9 its exclusive CCaaS vendor. This strategic alliance enhances Five9's international market presence, particularly in Europe. CANCOM will leverage the flexibility of the Five9 Intelligent Cloud Contact Centre to improve customer and agent experiences. The partnership will also utilize seamless integration with Microsoft Teams, enabling faster resolutions. This collaboration aligns both companies in delivering innovative customer service solutions.

Five9, Inc. (NASDAQ: FIVN) has been recognized as a leader in the Intelligent Virtual Assistant (IVA) space for its Inference Studio, achieving a perfect score in the 2021 Opus Research Guide for Track Record. This marks the second accolade for Inference Studio, previously acknowledged by DMG Consulting as the global market leader in customer base. Analysts evaluated 13 firms for their enabling platforms and market effectiveness, highlighting Five9's user-friendly, no-code solutions that empower businesses to create and maintain natural language applications, significantly enhancing customer service capabilities.

Five9, a top cloud contact center provider, announced its management will present at two upcoming investor conferences. The first is the Morgan Stanley Technology, Media and Telecom Conference on March 2 at 12:30 PM ET, followed by the Jefferies Virtual Enterprise Communications Summit on March 10 at 10:00 AM ET. Interested parties can access webcasts on the Five9 investor relations website. Five9 supports over 2,000 customers globally, offering solutions that enhance customer experience through digital engagement, analytics, and AI technology.

Five9, Inc. (NASDAQ:FIVN) reported a robust fourth quarter for 2020 with revenue increasing by 39% to $127.9 million, compared to $92.3 million in Q4 2019. The GAAP gross margin improved to 59.9%, while adjusted gross margin reached 66.4%. Despite a GAAP net loss of $(7.2) million, non-GAAP net income surged to $23.7 million. For the full year, revenue rose 33% to $434.9 million. The company anticipates continued growth in 2021, driven by product innovation and market opportunities.

Five9, Inc. (NASDAQ: FIVN) announced new features enhancing its Workforce Optimization (WFO) tools following last year's acquisition of Virtual Observer. The update improves user experiences for agents and supervisors, allowing real-time monitoring, scheduling management, and enhanced analytics. This integration aims to boost productivity and overall customer satisfaction. Five9's EVP noted that these WFO tools enable businesses to manage remote teams more effectively, with one client reporting significant efficiency gains equivalent to needing seven times more agents.

Five9, Inc. (FIVN) is set to release its financial results for Q4 and fiscal year 2020 on February 22, 2021, after market close. The company will also host a live Zoom Webinar at 4:30 p.m. ET on the same day to discuss these results. Five9, a leader in cloud contact center solutions, supports over 2,000 customers and processes more than six billion call minutes each year. The upcoming financial report could unveil key metrics that may influence investor sentiment and market performance.

Five9, Inc. (NASDAQ: FIVN) has appointed Panos Kozanian as the new EVP of Cloud Operations, bringing extensive enterprise SaaS experience to the role. Previously with Cisco, Kozanian scaled Webex significantly during the pandemic. His appointment supports Five9's growth and expansion into international markets, particularly focusing on large enterprises. The current EVP, Scott Welch, will transition to lead Telco Services and GM EMEA, enhancing Five9's commitment to the European market.

Five9, Inc. (NASDAQ: FIVN) announced its first virtual Five9 Partner Sales Summit and Kickoff, celebrating its global partner ecosystem. The event, scheduled alongside the annual Sales Kickoff, aims to enhance partner success and recognize contributions. Five9 plans to launch new engagement tools and share innovative capabilities resulting from its acquisition of Inference Solutions. Leadership emphasized the importance of partnerships in driving growth. The summit will align partners with Five9’s value propositions, ensuring they deliver collective business value.