Five9 (NASDAQ:FIVN) Releases Q2 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its second quarter 2024 earnings guidance on Friday. 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.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded down $2.19 during trading hours on Monday, hitting $55.69. The stock had a trading volume of 1,661,787 shares, compared to its average volume of 1,319,664. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The stock’s fifty day simple moving average is $59.98 and its 200 day simple moving average is $68.53. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -65.52 and a beta of 0.85. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Sell-side analysts anticipate that Five9 will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a research note on Monday, April 22nd. KeyCorp dropped their price objective on Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a research note on Thursday, February 22nd. UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a buy rating for the company in a research note on Friday. Barclays dropped their target price on shares of Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Finally, Piper Sandler raised their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five9 has a consensus rating of Moderate Buy and an average target price of $84.88.

Insider Activity at Five9

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

About Five9

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.