Five9 (NASDAQ:FIVN) Issues Q3 Earnings Guidance

Five9 (NASDAQ:FIVN) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.57-0.59 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $254.5-255.5 million, compared to the consensus revenue estimate of $266.98 million. Five9 also updated its FY 2024 guidance to 2.250-2.290 EPS.

Five9 Stock Performance

NASDAQ FIVN opened at $31.22 on Friday. Five9 has a fifty-two week low of $28.75 and a fifty-two week high of $92.40. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -36.73 and a beta of 0.82. The business has a fifty day moving average of $42.66 and a 200-day moving average of $55.11. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. As a group, analysts predict that Five9 will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FIVN shares. StockNews.com raised Five9 from a sell rating to a hold rating in a research report on Thursday. Roth Mkm lowered their price objective on Five9 from $90.00 to $67.00 and set a buy rating for the company in a research report on Friday. Northland Securities lowered their price objective on Five9 from $95.00 to $50.00 and set an outperform rating for the company in a research report on Friday. Morgan Stanley lowered their price objective on Five9 from $70.00 to $50.00 and set an equal weight rating for the company in a research report on Friday, June 14th. Finally, Robert W. Baird downgraded Five9 from an outperform rating to a neutral rating and lowered their price objective for the company from $90.00 to $40.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 presently has an average rating of Moderate Buy and an average target price of $65.82.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the sale, the chief accounting officer now owns 38,267 shares in the company, valued at $1,770,614.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Five9 news, CAO Leena Mansharamani sold 1,542 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the sale, the chief accounting officer now owns 38,267 shares in the company, valued at $1,770,614.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Burkland sold 12,386 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the sale, the chief executive officer now owns 266,083 shares in the company, valued at approximately $12,319,642.90. The disclosure for this sale can be found here. Insiders have sold 53,385 shares of company stock worth $2,418,755 over the last quarter. 1.80% of the stock is owned by corporate insiders.

About Five9

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