Five9 (NASDAQ:FIVN) Releases Earnings Results, Beats Estimates By $0.11 EPS


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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.

In other Five9 news, EVP Scott Welch sold 14,572 shares of the firm’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $151.75, for a total transaction of $2,211,301.00. Following the transaction, the executive vice president now owns 45,734 shares in the company, valued at approximately $6,940,134.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rowan M. Trollope sold 23,221 shares of the firm’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $151.58, for a total value of $3,519,839.18. Following the transaction, the chief executive officer now owns 252,017 shares in the company, valued at approximately $38,200,736.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,208 shares of company stock valued at $13,999,208. 3.00% of the stock is currently owned by insiders.

About Five9

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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Earnings History for Five9 (NASDAQ:FIVN)

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