Zacks: Analysts Anticipate Five9 Inc (FIVN) Will Announce Quarterly Sales of $66.53 Million

Wall Street analysts forecast that Five9 Inc (NASDAQ:FIVN) will post $66.53 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Five9’s earnings, with the lowest sales estimate coming in at $66.21 million and the highest estimate coming in at $67.00 million. Five9 reported sales of $55.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.1%. The business is expected to report its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Five9 will report full-year sales of $251.94 million for the current financial year, with estimates ranging from $251.54 million to $253.00 million. For the next financial year, analysts expect that the business will post sales of $296.43 million, with estimates ranging from $290.00 million to $302.29 million. Zacks’ sales averages are an average based on a survey of analysts that follow Five9.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The business had revenue of $65.30 million for the quarter, compared to analyst estimates of $61.70 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. Five9’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS.

Several analysts recently commented on FIVN shares. Dougherty & Co started coverage on Five9 in a research note on Tuesday, October 16th. They issued a “hold” rating on the stock. BidaskClub lowered Five9 from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Bank of America boosted their price target on Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Roth Capital boosted their price target on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Five9 has a consensus rating of “Hold” and a consensus target price of $40.92.

In other news, President Daniel P. Burkland sold 5,584 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $47.36, for a total transaction of $264,458.24. Following the transaction, the president now owns 155,091 shares of the company’s stock, valued at $7,345,109.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 10,000 shares of the company’s stock in a transaction on Monday, August 27th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 112,677 shares of company stock worth $4,793,080 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Five9 by 0.9% during the third quarter. BlackRock Inc. now owns 4,111,151 shares of the software maker’s stock valued at $179,617,000 after acquiring an additional 38,488 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Five9 by 4.7% during the third quarter. Renaissance Technologies LLC now owns 2,628,700 shares of the software maker’s stock valued at $114,848,000 after acquiring an additional 117,800 shares during the period. Sylebra HK Co Ltd lifted its stake in shares of Five9 by 107.9% during the third quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock valued at $64,031,000 after acquiring an additional 760,804 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Five9 by 14.8% during the third quarter. Wells Fargo & Company MN now owns 1,003,790 shares of the software maker’s stock valued at $43,856,000 after acquiring an additional 129,297 shares during the period. Finally, Wasatch Advisors Inc. lifted its stake in shares of Five9 by 510.9% during the third quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after acquiring an additional 746,394 shares during the period. 97.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of FIVN stock opened at $37.18 on Friday. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $2.19 billion, a P/E ratio of -218.71, a P/E/G ratio of 96.36 and a beta of 0.59. Five9 has a one year low of $22.51 and a one year high of $49.50.

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.

Further Reading: How To Calculate Debt-to-Equity Ratio

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.

Leave a Reply