Five9 (NASDAQ:FIVN) issued an update on its first quarter 2021
After-Hours earnings guidance on Monday morning. The company provided earnings per share guidance of 0.12-0.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $122-123 million, compared to the consensus revenue estimate of $115.75 million.Five9 also updated its FY 2021
After-Hours guidance to 0.75-0.79 EPS.
NASDAQ:FIVN opened at $166.78 on Tuesday. The company has a market cap of $11.00 billion, a P/E ratio of -314.67 and a beta of 0.53. Five9 has a twelve month low of $52.51 and a twelve month high of $194.04. The company’s 50-day moving average price is $174.48 and its 200-day moving average price is $149.94. The company has a current ratio of 9.32, a quick ratio of 9.32 and a debt-to-equity ratio of 2.46.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Sunday, February 21st. The software maker reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11. The company had revenue of $127.89 million during the quarter, compared to the consensus estimate of $115.27 million. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. Five9’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, analysts expect that Five9 will post -0.09 earnings per share for the current year.
FIVN has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price objective on Five9 from $170.00 to $180.00 and gave the stock a buy rating in a research report on Friday, October 30th. Zacks Investment Research raised shares of Five9 from a hold rating to a strong-buy rating and set a $200.00 price target on the stock in a research report on Thursday, January 14th. Stephens raised shares of Five9 from an equal weight rating to an overweight rating and upped their price objective for the company from $140.00 to $175.00 in a report on Friday, October 30th. Morgan Stanley raised shares of Five9 from an equal weight rating to an overweight rating and lifted their target price for the stock from $150.00 to $190.00 in a research note on Thursday, December 17th. Finally, Piper Sandler boosted their target price on shares of Five9 from $206.00 to $212.00 and gave the company an overweight rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $166.69.
In other Five9 news, CEO Rowan M. Trollope sold 23,221 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $151.58, for a total value of $3,519,839.18. Following the completion of the transaction, the chief executive officer now owns 252,017 shares of the company’s stock, valued at approximately $38,200,736.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Daniel P. Burkland sold 1,149 shares of the stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $156.81, for a total value of $180,174.69. The disclosure for this sale can be found here. Insiders sold 86,208 shares of company stock valued at $13,999,208 over the last ninety days. Insiders own 3.00% of the company’s stock.
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.
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