Five9 Inc (FIVN) Expected to Post Quarterly Sales of $52.22 Million

Wall Street brokerages predict that Five9 Inc (NASDAQ:FIVN) will post $52.22 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made 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 expected to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Five9 will report full year sales of $52.22 million for the current year, with estimates ranging from $196.80 million to $197.43 million. For the next fiscal year, analysts expect that the company will report sales of $231.95 million per share, with estimates ranging from $229.00 million to $236.57 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Five9.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis.

Several analysts have recently commented on FIVN shares. KeyCorp reaffirmed a “buy” rating and issued a $27.00 target price on shares of Five9 in a research report on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 target price on shares of Five9 in a research report on Thursday, November 9th. Morgan Stanley raised their target price on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. ValuEngine raised Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Five9 in a research report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.89.

Shares of Five9 (FIVN) opened at $24.42 on Friday. The company has a market capitalization of $1,368.46, a price-to-earnings ratio of -174.42 and a beta of 0.26. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 has a 12-month low of $15.69 and a 12-month high of $27.81.

In related news, CEO Barry Zwarenstein sold 5,000 shares of Five9 stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.80, for a total transaction of $129,000.00. Following the completion of the sale, the chief executive officer now owns 162,760 shares of the company’s stock, valued at $4,199,208. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Burkland sold 600,000 shares of Five9 stock in a transaction on Monday, November 13th. The shares were sold at an average price of $24.05, for a total value of $14,430,000.00. Following the sale, the chief executive officer now directly owns 1,194,161 shares of the company’s stock, valued at approximately $28,719,572.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 875,877 shares of company stock valued at $21,186,320. Insiders own 9.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Five9 by 31.4% during the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after purchasing an additional 366,166 shares during the last quarter. Sei Investments Co. boosted its position in Five9 by 44.7% during the third quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock valued at $461,000 after purchasing an additional 5,961 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in Five9 during the second quarter valued at $3,159,000. Mutual of America Capital Management LLC acquired a new stake in Five9 during the third quarter valued at $2,813,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Five9 by 173.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 101,052 shares of the software maker’s stock valued at $2,415,000 after purchasing an additional 64,070 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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Five9 Company Profile

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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