Five9 (NASDAQ:FIVN) posted its quarterly earnings data on Sunday. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. The business had revenue of $127.89 million during the quarter, compared to the consensus estimate of $115.27 million. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. Five9’s quarterly revenue was up 38.6% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share.
NASDAQ:FIVN traded up $8.71 during mid-day trading on Tuesday, hitting $175.49. 66,161 shares of the stock were exchanged, compared to its average volume of 688,478. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of -346.79 and a beta of 0.53. The firm’s 50-day simple moving average is $174.48 and its 200 day simple moving average is $149.94. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.32 and a current ratio of 9.32. Five9 has a fifty-two week low of $52.51 and a fifty-two week high of $194.04.
A number of research firms recently issued reports on FIVN. BTIG Research increased their price objective on Five9 from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Craig Hallum increased their price target on Five9 from $163.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday. Rosenblatt Securities increased their price target on Five9 from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday. Stephens raised Five9 from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $175.00 in a research report on Friday, October 30th. Finally, Morgan Stanley increased their price target on Five9 from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Five9 currently has an average rating of “Buy” and an average target price of $186.63.
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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