Five9 (NASDAQ:FIVN – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.42-0.44 for the period, compared to the consensus EPS estimate of $0.44. The company issued revenue guidance of $244-245 million, compared to the consensus revenue estimate of $248.25 million. Five9 also updated its FY24 guidance to $2.15-2.19 EPS.
Analyst Upgrades and Downgrades
FIVN has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an overweight rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada began coverage on Five9 in a report on Friday, March 15th. They issued an outperform rating and a $80.00 target price for the company. Rosenblatt Securities reiterated a buy rating and set a $80.00 price target on shares of Five9 in a report on Friday. Wells Fargo & Company dropped their price target on Five9 from $90.00 to $85.00 and set an overweight rating on the stock in a research report on Friday. Finally, KeyCorp decreased their price objective on Five9 from $93.00 to $86.00 and set an overweight rating for the company in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $84.88.
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Five9 Stock Performance
Five9 (NASDAQ:FIVN – Get Free Report) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.14. The firm 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 9.03% and a negative net margin of 6.56%. On average, equities research analysts forecast that Five9 will post -0.42 EPS for the current fiscal year.
Insider Buying and Selling at Five9
In other news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
Five9 Company Profile
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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