Five9 (NASDAQ:FIVN) Releases FY 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.360-2.380 for the period, compared to the consensus earnings per share estimate of 2.270. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Five9 also updated its Q4 guidance to $0.69-0.71 EPS.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of research analyst reports. Northland Securities cut their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. BTIG Research dropped their target price on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Five9 in a report on Friday. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Finally, Piper Sandler raised their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average price target of $59.89.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $4.01 during trading on Friday, reaching $36.82. The company had a trading volume of 6,456,363 shares, compared to its average volume of 1,371,791. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The stock’s fifty day moving average price is $29.46 and its 200 day moving average price is $39.24. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -73.64 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. As a group, equities research analysts predict that Five9 will post -0.09 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock worth $1,097,753 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.