Zacks: Analysts Anticipate Five9, Inc. (NASDAQ:FIVN) Will Announce Quarterly Sales of $165.09 Million

Wall Street brokerages forecast that Five9, Inc. (NASDAQ:FIVN) will post $165.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Five9’s earnings, with estimates ranging from $164.84 million to $165.50 million. Five9 reported sales of $127.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 29.1%. The company is expected to issue its next earnings report on Monday, February 28th.

On average, analysts expect that Five9 will report full-year sales of $601.07 million for the current financial year, with estimates ranging from $600.84 million to $601.50 million. For the next year, analysts expect that the firm will report sales of $745.92 million, with estimates ranging from $742.80 million to $753.65 million. Zacks’ sales averages are an average based on a survey of research firms that follow Five9.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Monday, November 8th. The software maker reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. Five9 had a negative net margin of 10.04% and a negative return on equity of 7.59%. The business had revenue of $154.30 million for the quarter, compared to analyst estimates of $146.69 million. During the same period in the prior year, the business posted $0.01 earnings per share. Five9’s revenue was up 37.6% compared to the same quarter last year.

Several research firms have weighed in on FIVN. KeyCorp increased their target price on shares of Five9 from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, November 9th. Morgan Stanley raised shares of Five9 from an “equal weight” rating to an “overweight” rating and set a $200.00 price objective for the company in a research report on Monday, October 18th. Wells Fargo & Company raised their target price on shares of Five9 from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 9th. Canaccord Genuity raised shares of Five9 from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Friday, October 1st. Finally, Zacks Investment Research raised shares of Five9 from a “sell” rating to a “hold” rating in a research report on Wednesday, November 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Five9 presently has an average rating of “Buy” and a consensus target price of $199.50.

NASDAQ FIVN traded down $8.18 during trading hours on Friday, hitting $128.60. The company’s stock had a trading volume of 2,400,089 shares, compared to its average volume of 1,716,495. The stock has a fifty day moving average of $153.49 and a 200 day moving average of $170.81. Five9 has a twelve month low of $122.33 and a twelve month high of $211.68. The firm has a market capitalization of $8.71 billion, a P/E ratio of -153.09 and a beta of 0.43. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 4.52.

In other Five9 news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $165.48, for a total transaction of $2,068,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rowan M. Trollope sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 5th. The shares were sold at an average price of $154.96, for a total transaction of $619,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,823 shares of company stock valued at $8,481,074. 2.50% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Five9 by 45.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 38,906 shares of the software maker’s stock worth $6,215,000 after buying an additional 12,154 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Five9 by 16.0% in the third quarter. Cetera Advisor Networks LLC now owns 3,284 shares of the software maker’s stock worth $525,000 after buying an additional 452 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Five9 in the third quarter worth about $1,014,000. Janus Henderson Group PLC purchased a new stake in shares of Five9 in the third quarter worth about $2,545,000. Finally, Brookfield Asset Management Inc. purchased a new stake in shares of Five9 in the third quarter worth about $3,195,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Company Profile

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Earnings History and Estimates for Five9 (NASDAQ:FIVN)

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