Five9 (NASDAQ:FIVN) Updates FY 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.360-2.380 for the period, compared to the consensus earnings per share estimate of 2.270. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Five9 also updated its Q4 guidance to $0.69-0.71 EPS.

Five9 Price Performance

Shares of Five9 stock traded up $4.01 on Friday, hitting $36.82. 6,456,363 shares of the company traded hands, compared to its average volume of 1,371,791. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a market cap of $2.75 billion, a P/E ratio of -73.64 and a beta of 0.85. The firm’s 50-day simple moving average is $29.46 and its 200 day simple moving average is $39.24.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Analysts expect that Five9 will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of recent research reports. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Roth Mkm lowered their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. DA Davidson increased their target price on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley decreased their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.89.

Insider Activity

In related news, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the sale, the executive now owns 132,554 shares in the company, valued at $4,428,629.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the sale, the executive now directly owns 132,554 shares of the company’s stock, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the sale, the chief operating officer now owns 119,927 shares in the company, valued at $3,628,991.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,493 shares of company stock valued at $1,097,753. Company insiders own 1.80% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.