Five9 (NASDAQ:FIVN) Releases FY 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.150-2.190 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Five9 also updated its Q2 2024 guidance to 0.420-0.440 EPS.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FIVN shares. Rosenblatt Securities reissued a buy rating and issued a $80.00 price objective on shares of Five9 in a research report on Friday. Piper Sandler lifted their price objective on Five9 from $84.00 to $86.00 and gave the stock an overweight rating in a report on Friday, January 12th. Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada assumed coverage on Five9 in a report on Friday, March 15th. They set an outperform rating and a $80.00 price objective on the stock. Finally, UBS Group cut their target price on Five9 from $90.00 to $81.00 and set a buy rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $84.88.

Five9 Trading Down 3.8 %

FIVN traded down $2.19 during mid-day trading 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. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -65.52 and a beta of 0.85. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick 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.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $239.06 million during 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%. As a group, research analysts forecast that Five9 will post -0.42 EPS for the current fiscal year.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were 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 directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is 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.