Five9 (NASDAQ:FIVN – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.420-0.440 for the period, compared to the consensus earnings per share estimate of 0.440. The company issued revenue guidance of $244.0 million-$245.0 million, compared to the consensus revenue estimate of $248.0 million. Five9 also updated its FY 2024 guidance to 2.150-2.190 EPS.
Analyst Ratings Changes
Several analysts have weighed in on FIVN shares. Morgan Stanley dropped their price objective on shares of Five9 from $80.00 to $70.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. Rosenblatt Securities reiterated a buy rating and issued a $80.00 price target on shares of Five9 in a research note on Friday. Wells Fargo & Company lowered their price objective on Five9 from $90.00 to $85.00 and set an overweight rating on the stock in a research note on Friday. UBS Group dropped their price objective on Five9 from $90.00 to $81.00 and set a buy rating for the company in a report on Friday. Finally, KeyCorp reduced their target price on Five9 from $93.00 to $86.00 and set an overweight rating on the stock in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $84.88.
Read Our Latest Research Report on FIVN
Five9 Price Performance
Five9 (NASDAQ:FIVN – Get Free Report) last issued its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The business had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. On average, sell-side analysts anticipate that Five9 will post -0.42 earnings per share for the current fiscal year.
Insider Activity at Five9
In other Five9 news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the sale, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by company 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.
Recommended Stories
- Five stocks we like better than Five9
- 3 Grocery Stocks That Are Proving They Are Still Essential
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Value Stocks You Can Buy Before They Become Big
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.