Five9 (NASDAQ:FIVN) announced its quarterly earnings results on Sunday. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11, MarketWatch Earnings reports. The company had revenue of $127.89 million during the quarter, compared to the consensus estimate of $115.27 million. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. Five9’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.
NASDAQ FIVN traded up $12.36 during trading hours on Tuesday, hitting $179.14. 59,861 shares of the company’s stock traded hands, compared to its average volume of 688,478. The company has a market capitalization of $11.82 billion, a PE ratio of -346.79 and a beta of 0.53. The company has a debt-to-equity ratio of 2.46, a current ratio of 9.32 and a quick ratio of 9.32. Five9 has a 52-week low of $52.51 and a 52-week high of $194.04. The firm’s 50-day moving average is $174.48 and its 200-day moving average is $149.94.
FIVN has been the subject of several analyst reports. Craig Hallum increased their price target on shares of Five9 from $163.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays increased their target price on shares of Five9 from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Stephens upgraded Five9 from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $175.00 in a research report on Friday, October 30th. Roth Capital upped their target price on Five9 from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Rosenblatt Securities lifted their price target on shares of Five9 from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $186.63.
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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 digital engagement channels 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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