Five9 Inc (FIVN) Expected to Announce Quarterly Sales of $70.68 Million

Share on StockTwits

Brokerages expect that Five9 Inc (NASDAQ:FIVN) will announce $70.68 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Five9’s earnings. The lowest sales estimate is $70.06 million and the highest is $71.00 million. Five9 reported sales of $58.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Five9 will report full year sales of $300.94 million for the current year, with estimates ranging from $299.47 million to $302.23 million. For the next year, analysts anticipate that the firm will report sales of $352.74 million, with estimates ranging from $348.53 million to $356.22 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Five9.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The business had revenue of $72.34 million during the quarter, compared to analyst estimates of $66.53 million. Five9 had a positive return on equity of 7.20% and a negative net margin of 0.09%.

A number of analysts have weighed in on the company. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley set a $58.00 price target on Five9 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Bank of America reiterated an “underperform” rating and issued a $33.00 price target (up from $28.00) on shares of Five9 in a research report on Wednesday, February 20th. Needham & Company LLC upped their price target on Five9 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Craig Hallum lowered their price target on Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $51.85.

In other news, President Daniel P. Burkland sold 15,000 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $40.66, for a total transaction of $609,900.00. Following the sale, the president now owns 159,869 shares in the company, valued at $6,500,273.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Welch sold 1,411 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $42.08, for a total value of $59,374.88. Following the sale, the executive vice president now owns 64,210 shares in the company, valued at approximately $2,701,956.80. The disclosure for this sale can be found here. Insiders have sold 247,189 shares of company stock worth $12,781,493 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC bought a new stake in shares of Five9 during the fourth quarter worth $30,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Five9 during the fourth quarter valued at $34,000. Private Capital Group LLC lifted its stake in shares of Five9 by 263.4% during the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares during the period. Bank of Montreal Can lifted its stake in shares of Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares during the period. Finally, Strs Ohio lifted its stake in shares of Five9 by 112.5% during the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares during the period.

Shares of NASDAQ:FIVN opened at $54.97 on Wednesday. Five9 has a fifty-two week low of $26.92 and a fifty-two week high of $57.90. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 366.47 and a beta of 0.63. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.41.

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 omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Further Reading: What is Call Option Volume?

Get a free copy of the Zacks research report on Five9 (FIVN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.