Five9 (NASDAQ:FIVN – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.150-2.190 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Five9 also updated its Q2 2024 guidance to 0.420-0.440 EPS.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on FIVN. Morgan Stanley cut their price objective on Five9 from $80.00 to $70.00 and set an equal weight rating for the company in a research report on Wednesday, April 17th. Rosenblatt Securities reaffirmed a buy rating and set a $80.00 price objective on shares of Five9 in a research note on Friday. Needham & Company LLC reiterated a buy rating and set a $90.00 price objective on shares of Five9 in a research report on Friday. Canaccord Genuity Group reduced their target price on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Five9 from $90.00 to $85.00 and set an overweight rating on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $84.88.
Get Our Latest Stock Analysis on Five9
Five9 Stock Down 3.8 %
Five9 (NASDAQ:FIVN – Get Free Report) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Equities analysts forecast that Five9 will post -0.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction dated 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 directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.
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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