Five9 (NASDAQ:FIVN) Releases Q4 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.690-0.710 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $267.0 million-$268.0 million, compared to the consensus revenue estimate of $261.2 million. Five9 also updated its FY 2024 guidance to 2.360-2.380 EPS.

Five9 Trading Up 12.2 %

FIVN stock traded up $4.01 during midday trading on Friday, hitting $36.82. The stock had a trading volume of 6,456,363 shares, compared to its average volume of 1,371,791. The firm has a market cap of $2.75 billion, a P/E ratio of -73.64 and a beta of 0.85. Five9 has a 1-year low of $26.60 and a 1-year high of $92.40. The business has a fifty day moving average price of $29.46 and a two-hundred day moving average price of $39.24. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, sell-side analysts predict that Five9 will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIVN shares. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Morgan Stanley cut their price objective on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Friday. Finally, BTIG Research cut their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.89.

Insider Activity

In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the completion of the sale, the executive now directly owns 132,554 shares of the company’s stock, valued at approximately $4,428,629.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the transaction, the executive now owns 132,554 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,493 shares of company stock valued at $1,097,753. Company insiders own 1.80% of the company’s stock.

About Five9

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.