Five9, Inc. (FIVN) Expected to Announce Earnings of $0.03 Per Share
Equities analysts expect Five9, Inc. (NASDAQ:FIVN) to post earnings per share (EPS) of $0.03 for the current quarter, Zacks reports. Five analysts have made estimates for Five9’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.04. The firm is scheduled to announce its next earnings report on Thursday, February 15th.
On average, analysts expect that Five9 will report full-year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.00 to $0.08. For the next fiscal year, analysts forecast that the company will report earnings of $0.11 per share, with EPS estimates ranging from $0.05 to $0.15. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Five9.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. Five9’s revenue was up 22.2% on a year-over-year basis.
A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Five9 in a research note on Friday. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley increased their target price on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $28.00 target price on shares of Five9 in a research note on Thursday. Finally, KeyCorp reiterated an “overweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Five9 in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Five9 has an average rating of “Buy” and a consensus price target of $24.25.
Five9 (NASDAQ:FIVN) opened at $25.32 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.12 and a debt-to-equity ratio of 1.04. Five9 has a 52 week low of $12.58 and a 52 week high of $27.81.
In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.41, for a total transaction of $204,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 11,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total value of $273,790.00. Following the transaction, the chief financial officer now owns 123,698 shares in the company, valued at approximately $3,078,843.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,719 shares of company stock worth $1,658,903. Corporate insiders own 9.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA increased its stake in Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the period. Tudor Investment Corp ET AL bought a new position in Five9 during the 2nd quarter worth $202,000. Principal Financial Group Inc. bought a new position in Five9 during the 2nd quarter worth $219,000. KCG Holdings Inc. bought a new position in Five9 during the 1st quarter worth $236,000. Finally, D.A. Davidson & CO. increased its stake in Five9 by 20.8% during the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after acquiring an additional 1,976 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
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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).
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