Five9 (NASDAQ:FIVN – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.15-2.19 for the period, compared to the consensus estimate of $2.17. The company issued revenue guidance of $1.053-1.057 billion, compared to the consensus revenue estimate of $1.06 billion. Five9 also updated its Q2 guidance to $0.42-0.44 EPS.
Analyst Ratings Changes
A number of research analysts have recently commented on FIVN shares. Wells Fargo & Company cut their price target on Five9 from $100.00 to $90.00 and set an overweight rating for the company in a report on Thursday, February 22nd. Canaccord Genuity Group cut their target price on Five9 from $90.00 to $75.00 and set a buy rating for the company in a research note on Monday, April 22nd. Barclays dropped their price objective on 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 research note on Friday, March 15th. They set an outperform rating and a $80.00 price objective for the company. Finally, Needham & Company LLC reiterated a buy rating and set a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $85.47.
Get Our Latest Stock Report on FIVN
Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business 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 12.51% and a negative net margin of 8.98%. On average, research analysts expect that Five9 will post -0.42 EPS for the current fiscal year.
Insider Transactions at Five9
In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was 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 owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The sale was disclosed in a legal filing 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.
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