Five9 Inc (FIVN) Expected to Announce Quarterly Sales of $66.53 Million

Equities analysts forecast that Five9 Inc (NASDAQ:FIVN) will post sales of $66.53 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made 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 posted sales of $55.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 20.1%. The firm is scheduled to issue its next earnings results on Wednesday, February 20th.

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

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

FIVN has been the topic of several research reports. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, January 1st. Dougherty & Co initiated coverage on shares of Five9 in a report on Tuesday, October 16th. They set a “hold” rating on the stock. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Stephens initiated coverage on shares of Five9 in a report on Thursday, January 3rd. They set an “equal weight” rating and a $48.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and an average price target of $43.54.

Shares of Five9 stock traded down $0.64 during midday trading on Friday, hitting $46.38. 584,000 shares of the company traded hands, compared to its average volume of 833,688. The firm has a market capitalization of $2.73 billion, a PE ratio of -272.82, a price-to-earnings-growth ratio of 105.66 and a beta of 0.53. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. Five9 has a 12 month low of $23.10 and a 12 month high of $49.50.

In other Five9 news, CFO Barry Zwarenstein sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $42.53, for a total transaction of $361,505.00. Following the sale, the chief financial officer now directly owns 98,953 shares of the company’s stock, valued at approximately $4,208,471.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $38.20, for a total transaction of $573,000.00. Following the sale, the president now directly owns 170,091 shares in the company, valued at $6,497,476.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,040 shares of company stock worth $4,681,634 over the last three months. Insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FIVN. Vanguard Group Inc lifted its position in shares of Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares during the period. Vanguard Group Inc. lifted its position in shares of Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares during the period. Sylebra HK Co Ltd lifted its position in shares of Five9 by 107.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock worth $64,031,000 after purchasing an additional 760,804 shares during the period. Wasatch Advisors Inc. lifted its position in shares of Five9 by 510.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock worth $38,992,000 after purchasing an additional 746,394 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Five9 by 11.1% in the 2nd quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock worth $140,794,000 after purchasing an additional 406,173 shares during the period. Hedge funds and other institutional investors own 97.75% of the company’s stock.

About Five9

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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