$52.20 Million in Sales Expected for Five9 Inc (FIVN) This Quarter
Wall Street brokerages expect that Five9 Inc (NASDAQ:FIVN) will post $52.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. 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 in the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The business is scheduled to report its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Five9 will report full year sales of $52.20 million for the current year, with estimates ranging from $196.80 million to $197.43 million. For the next year, analysts expect that the firm will post sales of $232.09 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Five9.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $50.08 million during 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%. Five9’s revenue was up 22.2% on a year-over-year basis.
In related news, EVP Scott Welch sold 3,902 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total transaction of $98,720.60. Following the transaction, the executive vice president now directly owns 105,003 shares in the company, valued at approximately $2,656,575.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 146,436 shares in the company, valued at $3,643,327.68. The disclosure for this sale can be found here. Insiders sold a total of 846,877 shares of company stock worth $20,492,200 over the last quarter. Company insiders own 9.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in Five9 by 41.0% during the 2nd quarter. Sei Investments Co. now owns 13,322 shares of the software maker’s stock worth $287,000 after acquiring an additional 3,871 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Five9 by 14.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 292,296 shares of the software maker’s stock valued at $6,291,000 after purchasing an additional 38,012 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Five9 in the 2nd quarter valued at about $2,411,000. Rhumbline Advisers increased its stake in shares of Five9 by 61.3% in the 2nd quarter. Rhumbline Advisers now owns 57,879 shares of the software maker’s stock valued at $1,246,000 after purchasing an additional 21,991 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Five9 by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 250,186 shares of the software maker’s stock valued at $5,383,000 after purchasing an additional 9,114 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Shares of Five9 (FIVN) opened at $24.10 on Friday. Five9 has a one year low of $14.08 and a one year high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1,340.00, a P/E ratio of -160.67 and a beta of 0.27.
WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/52-20-million-in-sales-expected-for-five9-inc-fivn-this-quarter-2.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.