Five9 (FIVN) Scheduled to Post Quarterly Earnings on Wednesday

Five9 (NASDAQ:FIVN) is set to issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million during the quarter, compared to analyst estimates of $48.20 million. The business’s revenue was up 22.2% compared to the same quarter last year. On average, analysts expect Five9 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Five9 (NASDAQ FIVN) opened at $24.59 on Wednesday. Five9 has a twelve month low of $15.43 and a twelve month high of $27.81. The firm has a market cap of $1,370.00, a PE ratio of -163.93 and a beta of 0.26. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.

In other news, CEO Barry Zwarenstein sold 5,000 shares of Five9 stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $25.80, for a total value of $129,000.00. Following the transaction, the chief executive officer now owns 162,760 shares of the company’s stock, valued at approximately $4,199,208. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Welch sold 3,902 shares of Five9 stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 105,003 shares in the company, valued at approximately $2,656,575.90. The disclosure for this sale can be found here. Insiders have sold a total of 875,877 shares of company stock worth $21,186,320 in the last three months. Insiders own 9.10% of the company’s stock.

A number of research analysts have commented on FIVN shares. Morgan Stanley raised their target price on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of Five9 in a research report on Friday, November 10th. Barclays downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, November 13th. Finally, KeyCorp reissued a “buy” rating and set a $27.00 target price on shares of Five9 in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.89.

COPYRIGHT VIOLATION NOTICE: “Five9 (FIVN) Scheduled to Post Quarterly Earnings on Wednesday” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/07/five9-fivn-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Five9

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).

Earnings History for Five9 (NASDAQ:FIVN)

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.

Leave a Reply