$52.20 Million in Sales Expected for Five9, Inc. (FIVN) This Quarter
Equities research analysts expect Five9, Inc. (NASDAQ:FIVN) to announce sales of $52.20 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Five9’s earnings. The highest sales estimate is $52.61 million and the lowest is $51.75 million. Five9 posted sales of $44.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.1%. The firm is scheduled to announce its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Five9 will report full year sales of $52.20 million for the current fiscal year, with estimates ranging from $196.80 million to $197.43 million. For the next financial year, analysts forecast that the firm will post sales of $232.10 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Five9.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. The business’s quarterly revenue was up 22.2% compared to the same quarter last year.
A number of brokerages have recently commented on FIVN. KeyCorp reaffirmed an “overweight” rating and set a $29.00 price target (up previously from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, November 13th. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a research report on Saturday. Northland Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Five9 in a research report on Wednesday, October 4th. Finally, ValuEngine raised Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Five9 presently has a consensus rating of “Buy” and a consensus target price of $26.43.
Shares of Five9 (FIVN) traded down $0.12 during midday trading on Friday, hitting $22.96. The stock had a trading volume of 648,153 shares, compared to its average volume of 470,843. Five9 has a 1 year low of $12.58 and a 1 year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.
In related news, CEO Barry Zwarenstein sold 3,073 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $23.79, for a total transaction of $73,106.67. Following the sale, the chief executive officer now owns 121,368 shares of the company’s stock, valued at approximately $2,887,344.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Daniel P. Burkland sold 5,623 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $23.70, for a total value of $133,265.10. The disclosure for this sale can be found here. Insiders have sold a total of 828,877 shares of company stock worth $20,048,350 in the last three months. 9.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FIVN. Teachers Advisors LLC lifted its holdings in Five9 by 9.6% during the 1st quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 15,582 shares in the last quarter. Vanguard Group Inc. increased its stake in Five9 by 28.2% in the 1st quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock worth $43,240,000 after acquiring an additional 577,738 shares during the last quarter. Geode Capital Management LLC increased its stake in Five9 by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 332,171 shares of the software maker’s stock worth $5,467,000 after acquiring an additional 11,064 shares during the last quarter. Morgan Stanley increased its stake in Five9 by 190.7% in the 1st quarter. Morgan Stanley now owns 317,430 shares of the software maker’s stock worth $5,226,000 after acquiring an additional 208,236 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Five9 by 15.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 254,284 shares of the software maker’s stock worth $4,186,000 after acquiring an additional 33,592 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.
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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. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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