Equities research analysts expect that Five9 Inc (NASDAQ:FIVN) will announce sales of $72.63 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Five9’s earnings. The lowest sales estimate is $72.08 million and the highest is $73.00 million. Five9 reported sales of $61.12 million during the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The company is scheduled to report its next earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Five9 will report full-year sales of $305.68 million for the current year, with estimates ranging from $300.45 million to $307.18 million. For the next year, analysts forecast that the firm will report sales of $358.59 million, with estimates ranging from $348.53 million to $363.16 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Five9.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Five9 had a negative net margin of 0.56% and a positive return on equity of 8.35%. The company had revenue of $74.54 million for the quarter, compared to analyst estimates of $70.81 million. During the same period last year, the firm earned $0.08 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis.
A number of research firms recently weighed in on FIVN. Bank of America set a $54.00 price target on shares of Fortis and gave the company a “buy” rating in a research report on Thursday, May 2nd. Northland Securities reaffirmed a “buy” rating and issued a $280.00 price objective on shares of ServiceNow in a research report on Thursday, May 2nd. Stephens reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Allegiance Bancshares in a research report on Monday, April 29th. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Five9 presently has an average rating of “Buy” and an average target price of $53.54.
In other news, CFO Barry Zwarenstein sold 7,483 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $52.83, for a total value of $395,326.89. Following the sale, the chief financial officer now owns 125,405 shares of the company’s stock, valued at $6,625,146.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $49.07, for a total transaction of $69,286.84. Following the completion of the sale, the executive vice president now directly owns 76,329 shares in the company, valued at approximately $3,745,464.03. The disclosure for this sale can be found here. In the last three months, insiders sold 598,748 shares of company stock worth $29,860,534. Insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Comerica Bank raised its position in shares of Five9 by 52.0% in the fourth quarter. Comerica Bank now owns 33,059 shares of the software maker’s stock valued at $1,571,000 after purchasing an additional 11,309 shares during the period. California Public Employees Retirement System raised its position in shares of Five9 by 23.9% in the fourth quarter. California Public Employees Retirement System now owns 102,730 shares of the software maker’s stock valued at $4,491,000 after purchasing an additional 19,800 shares during the period. BlackRock Inc. raised its position in shares of Five9 by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,271,831 shares of the software maker’s stock valued at $186,762,000 after purchasing an additional 160,680 shares during the period. Stephens Inc. AR raised its position in shares of Five9 by 161.8% in the fourth quarter. Stephens Inc. AR now owns 9,869 shares of the software maker’s stock valued at $431,000 after purchasing an additional 6,100 shares during the period. Finally, Advisor Group Inc. raised its position in shares of Five9 by 115.4% in the fourth quarter. Advisor Group Inc. now owns 15,430 shares of the software maker’s stock valued at $674,000 after purchasing an additional 8,266 shares during the period.
Shares of FIVN traded up $1.65 during trading hours on Friday, reaching $53.51. 394,881 shares of the stock traded hands, compared to its average volume of 721,760. The company has a current ratio of 6.12, a quick ratio of 6.12 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $51.12. Five9 has a 52 week low of $31.64 and a 52 week high of $57.90. The stock has a market cap of $3.09 billion, a P/E ratio of 356.73 and a beta of 0.57.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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