Five9, Inc. (NASDAQ:FIVN) Expected to Post Quarterly Sales of $46.25 Million
Equities research analysts predict that Five9, Inc. (NASDAQ:FIVN) will post sales of $46.25 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Five9’s earnings, with estimates ranging from $45.89 million to $47.25 million. Five9 posted sales of $38.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.9%. The business is expected to issue its next earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Five9 will report full year sales of $46.25 million for the current year, with estimates ranging from $192.00 million to $195.64 million. For the next fiscal year, analysts expect that the company will post sales of $227.17 million per share, with estimates ranging from $219.50 million to $234.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Five9.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The firm had revenue of $47.01 million for the quarter, compared to analyst estimates of $44.67 million. During the same period last year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 23.6% on a year-over-year basis.
Several brokerages recently weighed in on FIVN. Northland Securities set a $25.00 target price on Five9 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley increased their target price on Five9 from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Five9 in a report on Sunday, April 2nd. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Finally, Pacific Crest restated an “overweight” rating and set a $22.00 target price on shares of Five9 in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.13.
In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $22.35, for a total transaction of $223,500.00. Following the completion of the transaction, the executive vice president now owns 173,498 shares of the company’s stock, valued at approximately $3,877,680.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gaurav Passi sold 9,093 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $23.96, for a total value of $217,868.28. Following the transaction, the executive vice president now directly owns 118,882 shares of the company’s stock, valued at approximately $2,848,412.72. The disclosure for this sale can be found here. Insiders have sold a total of 227,107 shares of company stock valued at $4,959,166 in the last ninety days. 9.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management acquired a new position in Five9 during the first quarter worth approximately $174,000. potrero capital research llc acquired a new position in Five9 during the first quarter worth approximately $227,000. KCG Holdings Inc. acquired a new position in Five9 during the first quarter worth approximately $236,000. Tower Research Capital LLC TRC raised its position in Five9 by 2,581.2% in the first quarter. Tower Research Capital LLC TRC now owns 18,795 shares of the software maker’s stock worth $309,000 after buying an additional 18,094 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Five9 during the first quarter worth approximately $324,000. 91.92% of the stock is owned by institutional investors and hedge funds.
Shares of Five9 (FIVN) opened at 22.46 on Friday. The stock’s 50 day moving average price is $22.37 and its 200-day moving average price is $18.78. The firm’s market capitalization is $1.22 billion. Five9 has a 52 week low of $11.90 and a 52 week high of $24.80.
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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