Five9 (FIVN) Set to Announce Quarterly Earnings on Thursday

Five9 (NASDAQ:FIVN) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. On average, analysts expect Five9 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Five9 Price Performance

Five9 stock opened at $60.28 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. The company has a market capitalization of $4.45 billion, a PE ratio of -53.35 and a beta of 0.83. Five9 has a one year low of $51.01 and a one year high of $92.40. The business has a 50 day simple moving average of $61.58 and a 200 day simple moving average of $68.72.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FIVN. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research report on Thursday, February 22nd. Canaccord Genuity Group cut their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler lifted their price objective on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Wells Fargo & Company cut their price objective on Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Finally, Morgan Stanley cut their price objective on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.13.

Insider Buying and Selling

In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.