Five9 Inc (FIVN) Releases Earnings Results, Beats Expectations By $0.05 EPS

Five9 Inc (FIVN) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.07. The company posted revenue of $39.90 million in the period, compared to analysts expectations of $36.86 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Five9 Inc. Five9 Inc was Initiated by Craig Hallum to “Buy” on Jun 9, 2016. Needham Resumed Five9 Inc on May 16, 2016 to “Buy”, Price Target of the shares are set at $11.

Five9 Inc opened for trading at $12.59 and hit $12.795 on the upside on Tusday, eventually ending the session at $12.65, with a gain of 0.48% or 0.06 points. The heightened volatility saw the trading volume jump to 5,22,759 shares. Company has a market cap of $656 M.

In a different news, on Aug 2, 2016, Barry Zwarenstein (Chief Financial Officer) sold 8,000 shares at $12.62 per share price. According to the SEC, 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.

Five9 Inc

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