Five9 (FIVN) Announces Quarterly Earnings, Misses Expectations By $0.01 EPS
Five9 (NASDAQ:FIVN) announced its earnings results on Tuesday. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.54) by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $22.85 million. During the same quarter in the previous year, the company posted ($1.87) earnings per share. The company’s revenue for the quarter was up 27.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks initiated coverage on shares of Five9 in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. On a related note, analysts at Bank of America initiated coverage on shares of Five9 in a research note on Tuesday, April 29th. They set a “buy” rating and a $10.00 price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Five9 in a research note on Tuesday, April 29th. They set a “buy” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Five9 presently has a consensus rating of “Buy” and an average target price of $11.25.
Shares of Five9 (NASDAQ:FIVN) traded down 2.44% on Tuesday, hitting $5.60. 67,210 shares of the company’s stock traded hands. Five9 has a 52-week low of $5.12 and a 52-week high of $9.35. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.. The company’s market cap is $257.9 million.
Five9, Inc (NASDAQ:FIVN) is a provider of cloud software for contact centers.
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