Five9, Inc. (FIVN) Expected to Announce Quarterly Sales of $52.20 Million
Wall Street brokerages expect Five9, Inc. (NASDAQ:FIVN) to report $52.20 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Five9’s earnings, with the lowest sales estimate coming in at $51.75 million and the highest estimate coming in at $52.61 million. Five9 posted sales of $44.21 million during the same quarter last year, which suggests a positive year over year growth rate of 18.1%. The business is expected to report its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Five9 will report full-year sales of $52.20 million for the current year, with estimates ranging from $194.14 million to $197.43 million. For the next fiscal year, analysts expect that the firm will report sales of $231.05 million per share, with estimates ranging from $222.75 million to $236.57 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Five9.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s quarterly revenue was up 22.2% on a year-over-year basis.
FIVN has been the topic of a number of research analyst reports. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 target price on shares of Five9 in a report on Thursday, November 9th. ValuEngine raised Five9 from a “hold” rating to a “buy” rating in a report on Friday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of Five9 in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.75.
In other Five9 news, EVP Scott Welch sold 3,903 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total value of $81,494.64. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,856,363.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $24.88, for a total value of $248,800.00. Following the completion of the sale, the executive vice president now owns 146,436 shares of the company’s stock, valued at approximately $3,643,327.68. The disclosure for this sale can be found here. Insiders sold a total of 74,719 shares of company stock valued at $1,658,903 in the last quarter. Corporate insiders own 9.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA lifted its position in shares of Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after buying an additional 5,443 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Five9 during the 3rd quarter worth approximately $195,000. Tudor Investment Corp ET AL bought a new position in shares of Five9 during the 2nd quarter worth approximately $202,000. Principal Financial Group Inc. bought a new position in shares of Five9 during the 2nd quarter worth approximately $219,000. Finally, KCG Holdings Inc. bought a new position in shares of Five9 during the 1st quarter worth approximately $236,000. Institutional investors and hedge funds own 91.67% of the company’s stock.
Five9 (NASDAQ:FIVN) opened at $25.37 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a fifty-two week low of $12.58 and a fifty-two week high of $27.81.
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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