Five9, Inc. (NASDAQ:FIVN) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.05)-($0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.03). The company issued revenue guidance of $44-45 million, compared to the consensus revenue estimate of $44.22 million.Five9 also updated its FY17 guidance to ($0.08)-($0.03) EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Five9 from a buy rating to a hold rating in a research report on Tuesday, November 29th. Needham & Company LLC upped their target price on Five9 from $15.00 to $18.00 and gave the stock a buy rating in a research report on Wednesday, November 2nd. Finally, Bank of America Corporation restated a sell rating and issued a $13.00 target price on shares of Five9 in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Five9 presently has an average rating of Buy and an average price target of $15.29.

Five9, Inc. (NASDAQ:FIVN) traded up 0.36% during midday trading on Thursday, reaching $16.86. The company’s stock had a trading volume of 982,900 shares. The stock’s market capitalization is $893.04 million. The firm has a 50-day moving average price of $15.73 and a 200 day moving average price of $14.72. Five9, Inc. has a 52-week low of $6.91 and a 52-week high of $16.98.

In other news, insider Daniel P. Burkland sold 2,571 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $14.26, for a total transaction of $36,662.46. Following the completion of the sale, the insider now owns 159,245 shares of the company’s stock, valued at $2,270,833.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jayendra Das sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $15.40, for a total transaction of $7,700,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 603,956 shares of company stock valued at $9,208,722. Company insiders own 40.20% of the company’s stock.

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Five9 Company Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.

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