Five9 (FIVN) Scheduled to Post Quarterly Earnings on Thursday

Five9 (NASDAQ:FIVN - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Five9 to post earnings of $0.58 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The firm had revenue of $252.09 million for the quarter, compared to analysts' expectations of $244.54 million. On average, analysts expect Five9 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Five9 Stock Performance

NASDAQ FIVN traded down $0.08 on Thursday, reaching $29.53. 1,012,866 shares of the stock were exchanged, compared to its average volume of 1,451,309. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Five9 has a one year low of $26.60 and a one year high of $92.40. The firm has a market capitalization of $2.18 billion, a PE ratio of -34.84 and a beta of 0.85. The company's 50-day simple moving average is $29.64 and its two-hundred day simple moving average is $40.51.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVN. Wells Fargo & Company cut their price target on Five9 from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Baird R W cut Five9 from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Truist Financial reaffirmed a "buy" rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, August 27th. Needham & Company LLC restated a "buy" rating and set a $48.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Finally, Bank of America upgraded shares of Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price target on the stock in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Five9 has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares in the company, valued at approximately $7,673,081.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares of the company's stock, valued at approximately $2,300,372.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares of the company's stock, valued at $7,673,081.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock valued at $1,097,753 in the last ninety days. 1.80% of the stock is owned by company insiders.

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.