Five9 (FIVN) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Five9 (NASDAQ:FIVN) released its earnings results on Tuesday. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09, Morningstar.com reports. The company had revenue of $65.30 million during the quarter, compared to analysts’ expectations of $61.70 million. Five9 had a positive return on equity of 1.00% and a negative net margin of 1.90%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS.

Shares of NASDAQ:FIVN traded up $1.08 during midday trading on Thursday, hitting $44.84. The company had a trading volume of 22,874 shares, compared to its average volume of 634,679. Five9 has a 12 month low of $22.51 and a 12 month high of $49.50. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $2.24 billion, a P/E ratio of -262.35 and a beta of 0.59.

In other news, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the chief financial officer now directly owns 128,098 shares in the company, valued at approximately $6,052,630.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 1,750 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $37.99, for a total value of $66,482.50. Following the completion of the transaction, the executive vice president now owns 78,711 shares in the company, valued at $2,990,230.89. The disclosure for this sale can be found here. Insiders sold a total of 98,708 shares of company stock worth $4,296,448 over the last 90 days. 5.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Brown Advisory Inc. boosted its position in shares of Five9 by 34.3% in the 1st quarter. Brown Advisory Inc. now owns 24,153 shares of the software maker’s stock worth $720,000 after purchasing an additional 6,172 shares during the last quarter. Verition Fund Management LLC bought a new position in Five9 during the second quarter worth about $423,000. BlackRock Inc. lifted its holdings in Five9 by 11.1% during the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock worth $140,794,000 after acquiring an additional 406,173 shares in the last quarter. Raymond James & Associates bought a new position in Five9 during the second quarter worth about $335,000. Finally, First Trust Advisors LP lifted its holdings in Five9 by 32.3% during the second quarter. First Trust Advisors LP now owns 104,440 shares of the software maker’s stock worth $3,610,000 after acquiring an additional 25,497 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

FIVN has been the subject of several research reports. Dougherty & Co initiated coverage on Five9 in a research note on Tuesday, October 16th. They issued a “hold” rating for the company. BidaskClub cut Five9 from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Stifel Nicolaus lifted their target price on Five9 from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, August 7th. Finally, Needham & Company LLC lifted their target price on Five9 from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.92.

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Five9 Company Profile

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

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Earnings History for Five9 (NASDAQ:FIVN)

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