Five9 (NASDAQ:FIVN) Updates FY24 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.15-2.19 for the period, compared to the consensus earnings per share estimate of $2.17. The company issued revenue guidance of $1.053-1.057 billion, compared to the consensus revenue estimate of $1.06 billion. Five9 also updated its Q2 guidance to $0.42-0.44 EPS.

Five9 Price Performance

FIVN traded up $1.15 on Friday, reaching $57.88. The stock had a trading volume of 3,913,144 shares, compared to its average volume of 1,140,257. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -68.09 and a beta of 0.85. Five9 has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The firm has a 50-day moving average of $59.98 and a 200-day moving average of $68.53.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative return on equity of 9.03% and a negative net margin of 6.56%. As a group, sell-side analysts anticipate that Five9 will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on FIVN shares. Canaccord Genuity Group reduced their price objective on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada assumed coverage on Five9 in a research report on Friday, March 15th. They issued an outperform rating and a $80.00 price target on the stock. Barclays lowered their price objective on Five9 from $105.00 to $95.00 and set an overweight rating for the company in a research report on Thursday, February 22nd. KeyCorp reduced their target price on Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Finally, Morgan Stanley lowered their price target on shares of Five9 from $80.00 to $70.00 and set an equal weight rating for the company in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $84.88.

Insider Activity

In other news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction that occurred 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 owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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.