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Actionable news in FIVN: FIVE9 Inc,

Five9 (FIVN) Stock Climbs, Canaccord Genuity Ups Price Target

NEW YORK (TheStreet) -- Shares of Five9 (FIVN - Get Report) are increasing by 3.85% to $9.70 on heavy trading volume late Tuesday afternoon, as Canaccord Genuity raised its price target to $11 from $10 and maintained its "buy" rating.

The San Ramon, CA-based company is a provider of cloud software for contact centers.

Recent travels with the company's management reaffirmed Canaccord Genuity's belief that the contact center is still in the early days of a multi-year upgrade to the cloud.

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