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.
NASDAQ:FIVN traded up $0.07 during midday trading on Tuesday, reaching $54.31. The stock had a trading volume of 1,230,912 shares, compared to its average volume of 725,473. Five9 has a 1-year low of $26.50 and a 1-year high of $54.92. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $3.21 billion, a PE ratio of -319.47, a PEG ratio of 122.27 and a beta of 0.64.
Several analysts have issued reports on FIVN shares. Morgan Stanley upgraded shares of Five9 from an equal weight rating to an overweight rating and raised their price target for the stock from $37.00 to $54.00 in a research report on Monday, January 7th. JPMorgan Chase & Co. lowered shares of Five9 from an overweight rating to a neutral rating in a research report on Thursday, December 13th. Stephens started coverage on shares of Five9 in a research report on Thursday, January 3rd. They issued an equal weight rating and a $48.00 price target on the stock. Bank of America raised their price target on shares of Five9 from $25.00 to $28.00 and gave the stock an underperform rating in a research report on Wednesday, November 7th. Finally, BidaskClub upgraded shares of Five9 from a buy rating to a strong-buy rating in a research report on Thursday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and an average price target of $43.54.
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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