Brokerages expect Five9 Inc (NASDAQ:FIVN) to announce $52.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Five9’s earnings. The lowest sales estimate is $51.75 million and the highest is $52.61 million. Five9 reported sales of $44.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The business is scheduled to issue its next earnings results on Thursday, February 15th.
On average, analysts expect that Five9 will report full year sales of $52.20 million for the current fiscal 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 $232.09 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 research firms that that provide coverage for Five9.
Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company’s revenue was up 22.2% on a year-over-year basis.
FIVN has been the topic of a number of recent analyst reports. Northland Securities restated a “buy” rating and issued a $25.00 price target on shares of Five9 in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity upped their target price on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Five9 in a research report on Friday, September 22nd. Finally, ValuEngine upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.43.
Five9 (FIVN) opened at $24.45 on Wednesday. Five9 has a 12-month low of $13.65 and a 12-month high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.
In related news, EVP Scott Welch sold 3,902 shares of Five9 stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $25.30, for a total transaction of $98,720.60. Following the sale, the executive vice president now directly owns 105,003 shares of the company’s stock, valued at approximately $2,656,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Burkland sold 24,000 shares of Five9 stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $23.86, for a total transaction of $572,640.00. Following the sale, the director now directly owns 667,501 shares in the company, valued at $15,926,573.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 842,877 shares of company stock worth $20,399,790. 9.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Whale Rock Capital Management LLC acquired a new stake in Five9 during the 2nd quarter worth approximately $21,296,000. Tremblant Capital Group acquired a new position in shares of Five9 in the 3rd quarter worth approximately $19,544,000. Vanguard Group Inc. lifted its position in shares of Five9 by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after purchasing an additional 670,939 shares during the period. Wells Fargo & Company MN lifted its position in shares of Five9 by 31.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the period. Finally, State Street Corp lifted its position in shares of Five9 by 49.3% in the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after purchasing an additional 293,067 shares during the period. 93.52% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/11/52-20-million-in-sales-expected-for-five9-inc-fivn-this-quarter.html.
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).
Get a free copy of the Zacks research report on Five9 (FIVN)
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.