Five9, Inc. (NASDAQ:FIVN) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, FIVN is expected to report 3Q20 income of $ 0.18 per share from revenue of $ 101.12 million.
For the full year, analysts anticipate top line of $ 400.51 million, while looking forward to income of $ 0.78 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.17 ~ $ 0.18 per share, while revenues are expected in a range of $ 100.50 million ~ $ 101.50 million
Full Year 2020 topline are forecasted in a range of$ 399.00 million ~ $ 401.00 million, where as bottomline are predicted in a range of $ 0.77 ~ $ 0.80 per share
Click Here For More Historical Outlooks Of Five9, Inc.
Previous Quarter Performance
Five9, Inc. recorded income for the second quarter of $ 0.21 per share, from the revenue of $ 99.79 million. The quarterly earnings improved 5.00 percent while revenues raised 28.86 percent compared with the same quarter last year.
According to street consensus, FIVN was expected to report 2Q20 income of $ 0.15 per share from revenue of $ 91.01 million. The bottom line results beat street analysts by $ 0.06 or 40.00 percent, at the same time, top line results outshined analysts by $ 8.78 million or 9.65 percent.
Stock Performance
Shares of Five9, Inc. traded low $ -1.78 or -1.23 percent on Wednesday, reaching $ 143.42 with volume of 460.90 thousand shares. Five9, Inc. has traded high as $ 145.50 and has cracked $ 140.85 on the downward trend
According to the previous trading day, closing price of $ 143.42, representing a 176.52 % increase from the 52 week low of $ 52.51 and a 2.52 % decrease over the 52 week high of $ 148.96.
The company has a market capital of $ 9.37 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Equal-Weight rating, with $ 135.00 target price.
- On 9th September 2020, initiated by Piper Sandler at Overweight rating, with $ 133.00 target price.
Conference Call
Five9, Inc. will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.five9.com
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 omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture. Its solution enables its clients to manage these customer interactions across various channels, including voice, chat, email, Web, social media, and mobile, as well as connects them to an appropriate agent.
