Five9 (NASDAQ:FIVN – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.42-0.44 for the period, compared to the consensus EPS estimate of $0.44. The company issued revenue guidance of $244-245 million, compared to the consensus revenue estimate of $248.25 million. Five9 also updated its FY24 guidance to $2.15-2.19 EPS.
Analyst Ratings Changes
A number of research firms have recently weighed in on FIVN. Rosenblatt Securities dropped their price target on shares of Five9 from $90.00 to $80.00 and set a buy rating for the company in a research report on Friday, April 26th. Wells Fargo & Company lowered their price objective on shares of Five9 from $100.00 to $90.00 and set an overweight rating for the company in a research report on Thursday, February 22nd. KeyCorp decreased their target price on shares of Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a research note on Thursday, February 22nd. Piper Sandler boosted their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a research note on Friday, January 12th. Finally, Morgan Stanley decreased their target price on shares of Five9 from $80.00 to $70.00 and set an equal weight rating on the stock in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $85.47.
Read Our Latest Report on FIVN
Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million for the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. On average, analysts expect that Five9 will post -0.42 EPS for the current year.
Insider Activity
In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Five9 Company Profile
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.
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