Five9 (NASDAQ:FIVN – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.420-0.440 for the period, compared to the consensus EPS 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
A number of research firms recently issued reports on FIVN. KeyCorp decreased their price target on shares of Five9 from $93.00 to $86.00 and set an overweight rating for the company in a research note on Thursday, February 22nd. Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. Royal Bank of Canada started coverage on shares of Five9 in a research report on Friday, March 15th. They set an outperform rating and a $80.00 target price on the stock. Needham & Company LLC reiterated a buy rating and set a $90.00 price objective on shares of Five9 in a research note on Friday. Finally, Rosenblatt Securities restated a buy rating and issued a $80.00 target price on shares of Five9 in a research note on Friday. Four equities 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, Five9 currently has a consensus rating of Moderate Buy and an average price target of $84.88.
Read Our Latest Stock Analysis on Five9
Five9 Stock Down 3.5 %
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly 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. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Equities analysts predict that Five9 will post -0.42 earnings per share for the current year.
Insider Transactions at Five9
In other news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was 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 $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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