Five9 (NASDAQ:FIVN) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS


Share on StockTwits

Five9 (NASDAQ:FIVN) posted its earnings results on Sunday. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. The business had revenue of $127.89 million for the quarter, compared to analyst estimates of $115.27 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 38.6% on a year-over-year basis.

Shares of NASDAQ:FIVN traded up $12.50 during trading on Tuesday, reaching $179.28. 58,011 shares of the stock were exchanged, compared to its average volume of 688,478. The firm’s 50-day moving average price is $174.48 and its 200 day moving average price is $149.94. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of -346.79 and a beta of 0.53. Five9 has a 12-month low of $52.51 and a 12-month high of $194.04. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.32 and a current ratio of 9.32.

In related news, CEO Rowan M. Trollope sold 6,000 shares of Five9 stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $168.58, for a total transaction of $1,011,480.00. Following the transaction, the chief executive officer now owns 229,861 shares in the company, valued at approximately $38,749,967.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $181.91, for a total transaction of $2,273,875.00. Following the transaction, the chief financial officer now owns 89,298 shares in the company, valued at approximately $16,244,199.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,208 shares of company stock valued at $13,999,208. Corporate insiders own 3.00% of the company’s stock.

FIVN has been the subject of several research reports. BTIG Research boosted their price target on Five9 from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Canaccord Genuity increased their target price on Five9 from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday. Stephens raised shares of Five9 from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $140.00 to $175.00 in a research report on Friday, October 30th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating and set a $200.00 target price on the stock in a research note on Thursday, January 14th. Finally, Needham & Company LLC increased their target price on Five9 from $165.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, January 14th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $186.63.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

See Also: Quiet Period

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.