Five9, Inc. (NASDAQ:FIVN) Issues FY17 Earnings Guidance

Five9, Inc. (NASDAQ:FIVN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.00)-0.03 for the period, compared to the Thomson Reuters consensus estimate of ($0.03). The company issued revenue guidance of $193.5-195.5 million, compared to the consensus revenue estimate of $192.91 million.Five9 also updated its Q3 guidance to $(0.02)-(0.00) EPS.

A number of equities research analysts recently weighed in on the company. Canaccord Genuity lifted their target price on Five9 from $23.00 to $25.00 and gave the stock a buy rating in a research report on Friday, August 4th. Zacks Investment Research raised Five9 from a hold rating to a buy rating and set a $23.00 price objective on the stock in a report on Monday, May 8th. Pacific Crest reaffirmed a buy rating and set a $22.00 price objective on shares of Five9 in a report on Thursday, May 4th. BidaskClub downgraded Five9 from a strong-buy rating to a buy rating in a report on Wednesday, June 14th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $26.00 price objective (up from $21.00) on shares of Five9 in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $22.29.

Five9, Inc. (NASDAQ FIVN) traded up 1.66% during midday trading on Friday, reaching $20.84. The company’s stock had a trading volume of 432,986 shares. The firm has a 50 day moving average price of $21.84 and a 200-day moving average price of $19.43. The firm’s market cap is $1.15 billion. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $24.80.

In other Five9 news, CEO Michael Burkland sold 12,484 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $21.00, for a total transaction of $262,164.00. Following the transaction, the chief executive officer now owns 976,091 shares in the company, valued at approximately $20,497,911. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott Welch sold 45,671 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $21.61, for a total transaction of $986,950.31. Following the sale, the executive vice president now owns 174,913 shares in the company, valued at approximately $3,779,869.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 253,773 shares of company stock worth $5,531,835. Company insiders own 9.10% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/13/five9-inc-nasdaqfivn-issues-fy17-earnings-guidance-updated.html.

About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply