Five9 (NASDAQ:FIVN) Updates Q4 2024 Earnings Guidance

Five9 (NASDAQ:FIVN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.690-0.710 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $267.0 million-$268.0 million, compared to the consensus revenue estimate of $261.2 million. Five9 also updated its FY 2024 guidance to 2.360-2.380 EPS.

Five9 Trading Up 4.2 %

Shares of Five9 stock traded up $1.33 during midday trading on Thursday, reaching $32.81. 3,699,415 shares of the company’s stock traded hands, compared to its average volume of 1,460,203. The stock has a 50 day moving average of $29.37 and a 200-day moving average of $39.54. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a market cap of $2.45 billion, a PE ratio of -45.57 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, equities analysts expect that Five9 will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on FIVN shares. Wells Fargo & Company lowered their price objective on shares of Five9 from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird cut Five9 from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Morgan Stanley decreased their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Northland Securities decreased their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,493 shares of company stock valued at $1,097,753. Corporate 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, India, 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.