Five9 Announces Leadership Transition
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Analyst Believes Five9 CEO's Departure Raises Questions on Strategic Direction Differences
October 11, 2022 1:58 PM EDTOn Monday, Five9 (NASDAQ: FIVN) announced that CEO Rowan Trollope had resigned, sending its shares more than 25% lower.
Trollope has accepted the role as CEO of a privately held pre-IPO startup, with former Five9 CEO Mike Burkland appointed to the CEO position once again, in place of Trollope.
Five9 shares are down 0.6% at the time of writing.
Morgan Stanley analyst Meta Marshall downgraded shares of the stock to Equal-Weight from Overweight, cutting... More
Morgan Stanley Downgrades Five9, Inc (FIVN) to Equalweight
October 10, 2022 2:44 PM EDTMorgan Stanley analyst Meta A. Marshall downgraded Five9, Inc (NASDAQ: FIVN) from Overweight to Equalweight.
For an analyst ratings summary and ratings history on Five9, Inc click here. For more ratings news on Five9, Inc click here.
Shares of Five9, Inc closed at $76.97 yesterday.
... MoreNeedham & Company 'Aggressive Buyers' of Five9, Inc (FIVN) on Dip
October 10, 2022 12:32 PM EDTNeedham & Company analyst Scott Berg reiterated a Buy rating and $160.00 price target on Five9, Inc (NASDAQ: FIVN) after the CEO resigned and the company issued a weaker revenue beat. The firm is aggressive buyers on this dip a
The analyst commented, "Before market open today, FIVN... More
Five9 (FIVN) Shares Plunge as CEO Leaves
October 10, 2022 10:23 AM EDTShares of Five9 (NASDAQ: FIVN) shares plunged 19% in early trading after the company announced today that Rowan Trollope has resigned as CEO and from the Board of Directors and accepted another role as CEO of a privately held pre-IPO company outside of the CCaaS space.
Mike Burkland, long-time Chairman and former CEO of Five9, has been appointed to the CEO position. Burkland returned after a successful battle with cancer.
This transition will be... More
