Brokerages Anticipate Five9 Inc (FIVN) Will Post Quarterly Sales of $52.22 Million
Wall Street analysts expect Five9 Inc (NASDAQ:FIVN) to post $52.22 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Five9’s earnings, with the highest sales estimate coming in at $52.61 million and the lowest estimate coming in at $51.75 million. Five9 reported sales of $44.21 million in the same quarter last year, which indicates a positive year over year growth rate of 18.1%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, February 21st.
On average, analysts expect that Five9 will report full year sales of $52.22 million for the current year, with estimates ranging from $196.80 million to $197.43 million. For the next year, analysts expect that the business will report sales of $231.95 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Five9.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The firm’s quarterly revenue was up 22.2% on a year-over-year basis.
In related news, CEO Barry Zwarenstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total transaction of $129,000.00. Following the sale, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $4,199,208. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Welch sold 3,902 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total value of $98,720.60. Following the sale, the executive vice president now owns 105,003 shares in the company, valued at $2,656,575.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 875,877 shares of company stock worth $21,186,320. 9.10% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after acquiring an additional 670,939 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after buying an additional 366,166 shares in the last quarter. FMR LLC lifted its holdings in Five9 by 19.6% during the 2nd quarter. FMR LLC now owns 956,737 shares of the software maker’s stock worth $20,589,000 after buying an additional 156,737 shares in the last quarter. State Street Corp lifted its holdings in Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after buying an additional 293,067 shares in the last quarter. Finally, Tremblant Capital Group acquired a new position in Five9 during the 3rd quarter worth $19,544,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Shares of Five9 (FIVN) opened at $24.42 on Friday. Five9 has a 12 month low of $15.69 and a 12 month high of $27.81. The firm has a market capitalization of $1,368.46, a P/E ratio of -174.42 and a beta of 0.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
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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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