Five9 (NASDAQ:FIVN) issued its quarterly earnings data on Sunday. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. The company had revenue of $127.89 million during the quarter, compared to analysts’ expectations of $115.27 million. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share.
Shares of NASDAQ:FIVN traded up $11.31 on Tuesday, hitting $178.09. The company had a trading volume of 112,894 shares, compared to its average volume of 688,478. The company has a current ratio of 9.32, a quick ratio of 9.32 and a debt-to-equity ratio of 2.46. Five9 has a 52-week low of $52.51 and a 52-week high of $194.04. The business has a 50 day moving average of $174.48 and a 200 day moving average of $149.94. The company has a market cap of $11.75 billion, a PE ratio of -338.50 and a beta of 0.53.
A number of research analysts recently weighed in on the company. BTIG Research upped their price objective on Five9 from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Rosenblatt Securities upped their price objective on Five9 from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity upped their price objective on Five9 from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler upped their price objective on Five9 from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on Five9 from $170.00 to $209.00 and gave the stock an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Five9 presently has a consensus rating of “Buy” and a consensus target price of $188.29.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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 digital engagement channels 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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