Revenue Update on Five9 Inc(NASDAQ:FIVN)

Five9 Inc(NASDAQ:FIVN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $38.89M. Analysts estimated a revenue of $36.85M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.07.

In a different note, On Jul 15, 2016, Barclays said it Maintains its rating on Five9 Inc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Overweight’ by the firm. Craig-Hallum said it Initiates Coverage on Five9 Inc, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Buy’ by the firm.

Five9 Inc (FIVN) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.37% at a volume of 2,02,348. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.495. The peak price level was also seen at $13.495 while the days lowest was $13.23. Finally the shares closed at $13.31. The 52-week high of the shares is $13.96 while the 52-week low is $3.48. According to the latest information available, the market cap of the company is $699 M.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Barry Zwarenstein (Chief Financial Officer) sold 8,000 shares at $12.62 per share price.Also, On Jul 19, 2016, Michael Burkland (CEO, President and Chairman) sold 16,000 shares at $12.12 per share price.On Jun 17, 2016, Scott Welch (EVP, Cloud Operations) sold 27,936 shares at $11.91 per share price, according to the Form-4 filing with the securities and exchange commission.

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 facilitates over three billion interactions between its 2000 clients and clients’ customers per year. The Company’s solution which consists of its VCC cloud platform and applications allows simultaneous management and optimization of customer interactions across voice chat email Web social media and mobile channels either directly or through its application programming interface. The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications such as customer relationship management (CRM) software.

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