Five9 (FIVN) Updates FY 2019 Earnings Guidance

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Five9 (NASDAQ:FIVN) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.58-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $298.5-301.5 million, compared to the consensus revenue estimate of $296.28 million.Five9 also updated its Q1 2019 guidance to $0.11-0.13 EPS.

Shares of FIVN traded up $0.07 on Tuesday, reaching $54.31. 1,230,912 shares of the company’s stock were exchanged, compared to its average volume of 725,473. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -319.47, a price-to-earnings-growth ratio of 122.27 and a beta of 0.64. Five9 has a 12 month low of $26.50 and a 12 month high of $54.92.

A number of equities research analysts recently weighed in on FIVN shares. JPMorgan Chase & Co. downgraded shares of Five9 from an overweight rating to a neutral rating in a research note on Thursday, December 13th. Bank of America boosted their price target on shares of Five9 from $25.00 to $28.00 and gave the stock an underperform rating in a research note on Wednesday, November 7th. BidaskClub raised shares of Five9 from a buy rating to a strong-buy rating in a research note on Thursday, January 10th. Morgan Stanley raised shares of Five9 from an equal weight rating to an overweight rating and boosted their price target for the stock from $37.00 to $54.00 in a research note on Monday, January 7th. Finally, Stephens started coverage on shares of Five9 in a research note on Thursday, January 3rd. They set an equal weight rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $43.54.

In related news, EVP Scott Welch sold 1,032 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $46.17, for a total transaction of $47,647.44. Following the completion of the transaction, the executive vice president now owns 63,831 shares in the company, valued at $2,947,077.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 12,913 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $42.35, for a total transaction of $546,865.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,380 shares of company stock valued at $4,227,588. Corporate insiders own 5.10% of the company’s stock.

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Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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