Five9 (NASDAQ:FIVN) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.20-$0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.13. The company issued revenue guidance of $231.0$234.0 million, compared to the consensus revenue estimate of $231.49 million.Five9 also updated its Q1 guidance to $0.02-$0.04 EPS.

Five9 (NASDAQ FIVN) traded up $0.13 during trading hours on Wednesday, hitting $26.97. 583,054 shares of the stock traded hands, compared to its average volume of 354,276. Five9 has a one year low of $15.77 and a one year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $1,490.33, a price-to-earnings ratio of -192.63 and a beta of 0.26.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.31 million. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. equities analysts forecast that Five9 will post -0.19 earnings per share for the current year.

FIVN has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Five9 from $21.00 to $23.00 and gave the company an equal weight rating in a research report on Thursday, November 9th. Needham & Company LLC restated a buy rating and set a $30.00 price objective on shares of Five9 in a research report on Friday, November 10th. Barclays lowered shares of Five9 from an overweight rating to an equal weight rating and set a $27.00 price objective for the company. in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Five9 from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Monday, November 13th. Finally, SunTrust Banks started coverage on shares of Five9 in a report on Wednesday, January 31st. They issued a buy rating and a $30.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $26.89.

In other news, CFO Barry Zwarenstein sold 5,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $24.42, for a total value of $122,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Welch sold 11,892 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $23.58, for a total transaction of $280,413.36. Following the completion of the sale, the executive vice president now directly owns 112,484 shares of the company’s stock, valued at $2,652,372.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,889 shares of company stock valued at $4,606,000. Corporate insiders own 9.10% of the company’s stock.

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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).

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