Five9 (FIVN) Set to Announce Quarterly Earnings on Thursday

Five9 (NASDAQ:FIVN - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Five9 to post earnings of $0.38 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to analysts' expectations of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. On average, analysts expect Five9 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Five9 Trading Down 0.6 %

NASDAQ:FIVN traded down $0.36 during trading hours on Thursday, hitting $59.92. 589,613 shares of the company were exchanged, compared to its average volume of 1,286,824. The company has a fifty day simple moving average of $61.58 and a 200 day simple moving average of $68.72. Five9 has a one year low of $51.01 and a one year high of $92.40. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -53.35 and a beta of 0.83. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIVN. KeyCorp reduced their target price on Five9 from $93.00 to $86.00 and set an "overweight" rating on the stock in a report on Thursday, February 22nd. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Five9 in a report on Thursday, February 22nd. Canaccord Genuity Group decreased their price target on Five9 from $90.00 to $75.00 and set a "buy" rating for the company in a report on Monday. Barclays reduced their price objective on shares of Five9 from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. Finally, Piper Sandler increased their target price on shares of Five9 from $84.00 to $86.00 and gave the stock an "overweight" rating in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.13.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.