Five9, Inc. (NASDAQ:FIVN) Expected to Announce Quarterly Sales of $132.14 Million


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Wall Street analysts forecast that Five9, Inc. (NASDAQ:FIVN) will announce sales of $132.14 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Five9’s earnings. The highest sales estimate is $132.50 million and the lowest is $131.51 million. Five9 posted sales of $99.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32.4%. The firm is expected to announce its next quarterly earnings report on Monday, August 2nd.

According to Zacks, analysts expect that Five9 will report full year sales of $543.80 million for the current financial year, with estimates ranging from $520.00 million to $551.70 million. For the next financial year, analysts expect that the business will post sales of $638.72 million, with estimates ranging from $595.00 million to $660.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Five9.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.35. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%.

A number of research analysts have recently commented on FIVN shares. Truist boosted their target price on shares of Five9 from $165.00 to $215.00 in a research report on Tuesday, February 23rd. Jefferies Financial Group began coverage on shares of Five9 in a research note on Monday, March 8th. They set a “buy” rating and a $220.00 target price for the company. Piper Sandler boosted their target price on shares of Five9 from $212.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research lowered shares of Five9 from a “hold” rating to a “sell” rating in a research note on Tuesday, April 27th. Finally, Northland Securities boosted their target price on shares of Five9 from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Five9 currently has an average rating of “Buy” and an average target price of $193.00.

FIVN stock traded down $8.82 during midday trading on Friday, reaching $172.31. 61,678 shares of the company’s stock traded hands, compared to its average volume of 772,525. The business has a 50-day moving average price of $169.65 and a two-hundred day moving average price of $165.74. Five9 has a fifty-two week low of $89.00 and a fifty-two week high of $201.75. The company has a debt-to-equity ratio of 2.46, a current ratio of 9.32 and a quick ratio of 9.32. The company has a market capitalization of $11.55 billion, a P/E ratio of -326.79 and a beta of 0.53.

In other Five9 news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $181.91, for a total transaction of $2,273,875.00. Following the completion of the transaction, the chief financial officer now owns 89,298 shares of the company’s stock, valued at approximately $16,244,199.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 938 shares of the company’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $171.65, for a total value of $161,007.70. Following the transaction, the chief accounting officer now directly owns 17,107 shares of the company’s stock, valued at approximately $2,936,416.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,481 shares of company stock worth $13,549,594. 3.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Five9 by 18.1% in the 1st quarter. Victory Capital Management Inc. now owns 371,893 shares of the software maker’s stock valued at $58,138,000 after acquiring an additional 56,890 shares during the period. Great Lakes Advisors LLC raised its stake in Five9 by 5.9% in the 1st quarter. Great Lakes Advisors LLC now owns 111,679 shares of the software maker’s stock valued at $17,459,000 after acquiring an additional 6,264 shares during the period. Ellevest Inc. raised its stake in Five9 by 166.7% in the 1st quarter. Ellevest Inc. now owns 200 shares of the software maker’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Signaturefd LLC raised its stake in Five9 by 115.2% in the 1st quarter. Signaturefd LLC now owns 439 shares of the software maker’s stock valued at $69,000 after acquiring an additional 235 shares during the period. Finally, Virginia Retirement Systems ET AL increased its position in Five9 by 29.5% during the 1st quarter. Virginia Retirement Systems ET AL now owns 10,100 shares of the software maker’s stock worth $1,579,000 after buying an additional 2,300 shares during the period. 97.93% of the stock is owned by institutional investors.

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.

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Earnings History and Estimates for Five9 (NASDAQ:FIVN)

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