Equities analysts forecast that Five9 Inc (NASDAQ:FIVN) will post sales of $66.53 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Five9’s earnings, with the lowest sales estimate coming in at $66.21 million and the highest estimate coming in at $67.00 million. Five9 posted sales of $55.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 20.1%. The firm is scheduled to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Five9 will report full-year sales of $251.94 million for the current year, with estimates ranging from $251.54 million to $253.00 million. For the next financial year, analysts forecast that the business will report sales of $296.43 million, with estimates ranging from $290.00 million to $302.29 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Five9.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $65.30 million for the quarter, compared to analyst estimates of $61.70 million. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 EPS.
Shares of Five9 stock traded down $0.64 during midday trading on Friday, hitting $46.38. 584,000 shares of the company traded hands, compared to its average volume of 833,688. The firm has a market capitalization of $2.73 billion, a PE ratio of -272.82, a price-to-earnings-growth ratio of 105.66 and a beta of 0.53. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. Five9 has a 12 month low of $23.10 and a 12 month high of $49.50.
In other Five9 news, CFO Barry Zwarenstein sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $42.53, for a total transaction of $361,505.00. Following the sale, the chief financial officer now directly owns 98,953 shares of the company’s stock, valued at approximately $4,208,471.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $38.20, for a total transaction of $573,000.00. Following the sale, the president now directly owns 170,091 shares in the company, valued at $6,497,476.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,040 shares of company stock worth $4,681,634 over the last three months. Insiders own 5.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FIVN. Vanguard Group Inc lifted its position in shares of Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares during the period. Vanguard Group Inc. lifted its position in shares of Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares during the period. Sylebra HK Co Ltd lifted its position in shares of Five9 by 107.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock worth $64,031,000 after purchasing an additional 760,804 shares during the period. Wasatch Advisors Inc. lifted its position in shares of Five9 by 510.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock worth $38,992,000 after purchasing an additional 746,394 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Five9 by 11.1% in the 2nd quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock worth $140,794,000 after purchasing an additional 406,173 shares during the period. Hedge funds and other institutional investors own 97.75% of the company’s stock.
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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