Five9 (NASDAQ:FIVN – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.420-0.440 for the period, compared to the consensus estimate of 0.440. The company issued revenue guidance of $244.0 million-$245.0 million, compared to the consensus revenue estimate of $248.0 million. Five9 also updated its FY 2024 guidance to 2.150-2.190 EPS.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on FIVN shares. UBS Group decreased their price objective on Five9 from $90.00 to $81.00 and set a buy rating on the stock in a research report on Friday. Morgan Stanley cut their price objective on shares of Five9 from $80.00 to $70.00 and set an equal weight rating on the stock in a research report on Wednesday, April 17th. Needham & Company LLC restated a buy rating and issued a $90.00 target price on shares of Five9 in a report on Friday. Royal Bank of Canada assumed coverage on shares of Five9 in a research note on Friday, March 15th. They set an outperform rating and a $80.00 price target for the company. Finally, Rosenblatt Securities reissued a buy rating and set a $80.00 target price on shares of Five9 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $84.88.
Read Our Latest Report on Five9
Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The firm had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Sell-side analysts anticipate that Five9 will post -0.42 earnings per share for the current year.
Insider Buying and Selling at Five9
In related news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the transaction, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.
Five9 Company Profile
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.
Read More
- Five stocks we like better than Five9
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 3 Value Stocks You Can Buy Before They Become Big
- Energy and Oil Stocks Explained
- Chinese Stocks Stage Impressive Rebound
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.