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.
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).
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