Five9 (NASDAQ:FIVN) Releases FY 2021 After-Hours Earnings Guidance


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Five9 (NASDAQ:FIVN) issued an update on its FY 2021
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.75-0.79 for the period, compared to the Thomson Reuters consensus estimate of $0.84. The company issued revenue guidance of $518.5-521.5 million, compared to the consensus revenue estimate of $499.41 million.Five9 also updated its FY21 guidance to $0.75-0.79 EPS.

Five9 stock opened at $166.78 on Tuesday. The company has a current ratio of 9.32, a quick ratio of 9.32 and a debt-to-equity ratio of 2.46. Five9 has a 1 year low of $52.51 and a 1 year high of $194.04. The company has a market cap of $11.00 billion, a PE ratio of -314.67 and a beta of 0.53. The company’s 50-day moving average is $174.48 and its two-hundred day moving average is $149.94.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Sunday, February 21st. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $127.89 million for the quarter, compared to the consensus estimate of $115.27 million. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. Five9’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Research analysts forecast that Five9 will post -0.09 EPS for the current year.

A number of brokerages recently weighed in on FIVN. Morgan Stanley upgraded shares of Five9 from an equal weight rating to an overweight rating and increased their price target for the company from $150.00 to $190.00 in a research report on Thursday, December 17th. Needham & Company LLC increased their price target on shares of Five9 from $165.00 to $200.00 and gave the company a buy rating in a research report on Thursday, January 14th. Zacks Investment Research upgraded shares of Five9 from a hold rating to a strong-buy rating and set a $200.00 price target on the stock in a research report on Thursday, January 14th. Canaccord Genuity increased their price target on shares of Five9 from $200.00 to $205.00 and gave the company a buy rating in a research report on Tuesday. Finally, Barclays increased their price target on shares of Five9 from $182.00 to $186.00 and gave the company an equal weight rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Five9 has an average rating of Buy and a consensus price target of $166.69.

In other news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $181.91, for a total value of $2,273,875.00. Following the sale, the chief financial officer now directly owns 89,298 shares of the company’s stock, valued at approximately $16,244,199.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Daniel P. Burkland sold 1,149 shares of the company’s stock in a transaction dated Thursday, December 3rd. The shares were sold at an average price of $156.81, for a total transaction of $180,174.69. The disclosure for this sale can be found here. In the last three months, insiders sold 86,208 shares of company stock worth $13,999,208. 3.00% of the stock is currently owned by insiders.

Five9 Company Profile

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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