The Five9 (FIVN) Earning Somewhat Positive Media Coverage, Report Shows

The Five9 (FIVN) Earning Somewhat Positive Media Coverage, Report Shows

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about Five9 (NASDAQ:FIVN) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Five9 earned a news sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave press coverage about the software maker an impact score of 76 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next few days.

A number of analysts have commented on FIVN shares. Needham & Company LLC restated a “buy” rating and issued a $21.00 price target on shares of Five9 in a research report on Sunday, April 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Five9 in a research note on Monday, May 1st. Pacific Crest raised Five9 from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Friday, March 17th. Morgan Stanley started coverage on Five9 in a research note on Tuesday, April 11th. They set an “equal weight” rating and a $18.00 price target for the company. Finally, Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.50. Five9 (FIVN) opened at 24.32 on Monday. The stock’s market capitalization is $1.32 billion. Five9 has a 12-month low of $10.74 and a 12-month high of $24.69. The firm’s 50-day moving average price is $20.24 and its 200 day moving average price is $16.93.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The business had revenue of $47.01 million for the quarter, compared to analyst estimates of $44.67 million. Five9 had a negative net margin of 10.26% and a negative return on equity of 53.47%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. On average, equities analysts anticipate that Five9 will post ($0.02) EPS for the current year. In other news, CFO Barry Zwarenstein sold 2,469 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $16.31, for a total value of $40,269.39. Following the completion of the sale, the chief financial officer now owns 428,603 shares of the company’s stock, valued at approximately $6,990,514.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gaurav Passi sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $22.12, for a total transaction of $82,950.00. Following the completion of the sale, the executive vice president now directly owns 126,156 shares of the company’s stock, valued at approximately $2,790,570.72. The disclosure for this sale can be found here. Insiders have sold a total of 975,248 shares of company stock worth $16,553,988 in the last 90 days. Company insiders own 40.20% of the company’s stock.

Five9 Company Profile Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FIVN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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