We reiterate our Buy rating on CloudCall as one of our key picks of 2019. Both RingCentral (RNG US) and Five9 (FIVN US) reported strong results in recent weeks, beating consensus expectations, with robust guidance. We believe major themes from reporting season so far (sustained 30% revenue growth, record orderbooks and strong client appetite) support our conviction on CloudCall. The shares have rallied 54% YTD, outperforming the AIM Technology Index and its peers, but still trades at a substa
08 May 2019
Competitor results augur well for CloudCall
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Competitor results augur well for CloudCall
- Published:
08 May 2019 -
Author:
Kartik Swaminathan -
Pages:
5
We reiterate our Buy rating on CloudCall as one of our key picks of 2019. Both RingCentral (RNG US) and Five9 (FIVN US) reported strong results in recent weeks, beating consensus expectations, with robust guidance. We believe major themes from reporting season so far (sustained 30% revenue growth, record orderbooks and strong client appetite) support our conviction on CloudCall. The shares have rallied 54% YTD, outperforming the AIM Technology Index and its peers, but still trades at a substa