Five9 (NASDAQ:FIVN) Updates FY2024 Revenue Guidance

VaselineAugust 11, 2024

0 3 minutes read

Five9 (NASDAQ:FIVN – Get Your Free Report ) updated its FY2024 revenue guidance on Thursday. The company provided EPS guidance of 2,250-2,290 for the period, compared to the consensus EPS estimate of 2,190. The company issued a revenue estimate of $1.0 billion – $1.0 billion, compared to the consensus estimate for revenue of $1.1 billion. Five9 also upgraded its FY24 guidance to $2.25-$2.29 EPS.

The Wall Street analyst weighs in

Several equities research analysts recently weighed in on the company. Barclays cut their price target on Five9 from $75.00 to $55.00 and set an overweight rating for the company in a report on Friday. Rosenblatt Securities cut their price target on shares of Five9 from $80.00 to $70.00 and set a buy rating on the stock in a report on Friday. Canaccord Genuity Group decreased their price target on shares of Five9 from $90.00 to $75.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Roth Mkm decreased their price objective on shares of Five9 from $90.00 to $67.00 and set a buy rating for the company in a research report on Friday. Finally, StockNews.com upgraded Five9 from a sell rating to a hold rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Five9 presently has an average rating of Moderate Buy and a consensus price target of $65.82, according to MarketBeat .

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Five9 trades down 26.5%

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NASDAQ:FIVN opened at $31.22 on Friday. Five9 has a 52-week low of $28.75 and a 52-week high of $92.40. The company has a quick ratio of 7.02, a current ratio of 7.02, and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $42.66 and a 200 day simple moving average of $55.27. The company has a market cap of $2.31 billion, a PE ratio of -36.73 and a beta of 0.82.

Five9 (NASDAQ:FIVN – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. On average, equities research analysts expect that Five9 will post -0.3 earnings per share for the current fiscal year.

Insider buying and selling at Five9

In other news, CRO Daniel P. Burkland sold 7,698 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $356,417.40. Following the completion of the transaction, the director now directly owns 127,635 shares of the company’s stock, valued at $5,909,500.50. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. In related news, CEO Michael Burkland sold 12,386 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. Also, CRO Daniel P. Burkland sold 7,698 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $356,417.40. Following the sale, the director now owns 127,635 shares in the company, valued at approximately $5,909,500.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,385 shares of company stock worth $2,418,755. 1.80% of the stock is owned by insiders.

Five9 Company Profile

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Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It provides a virtual contact center cloud platform that provides a suite of applications that enable a wide range of customer service, sales and marketing functions related to the contact center.