Stock On Watch: A Reversal for Five9 Inc Is Not Near. The Stock Declines Again

Stock On Watch: A Reversal for Five9 Inc Is Not Near. The Stock Declines Again

The stock of Five9 Inc (NASDAQ:FIVN) is a huge mover today! The stock decreased 3.51% or $0.56 during the last trading session, hitting $15.38. About 255,440 shares traded hands. Five9 Inc (NASDAQ:FIVN) has risen 91.59% since March 2, 2016 and is uptrending. It has outperformed by 83.33% the S&P500.
The move comes after 9 months negative chart setup for the $811.85M company. It was reported on Oct, 5 by Barchart.com. We have $14.61 PT which if reached, will make NASDAQ:FIVN worth $40.59 million less.

Analysts await Five9 Inc (NASDAQ:FIVN) to report earnings on November, 1. They expect $-0.10 earnings per share, up 16.67% or $0.02 from last year’s $-0.12 per share. After $-0.07 actual earnings per share reported by Five9 Inc for the previous quarter, Wall Street now forecasts 42.86% negative EPS growth.

Five9 Inc (NASDAQ:FIVN) Ratings Coverage

Out of 7 analysts covering Five9 Inc (NASDAQ:FIVN), 6 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 86% are positive. Five9 Inc has been the topic of 9 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Bank of America given on Tuesday, September 20. The stock of Five9 Inc (NASDAQ:FIVN) earned “Overweight” rating by Barclays Capital on Thursday, August 4. On Thursday, June 9 the stock rating was initiated by Craig Hallum with “Buy”. The stock of Five9 Inc (NASDAQ:FIVN) has “Buy” rating given on Thursday, December 3 by Canaccord Genuity. The firm has “Outperform” rating given on Monday, January 4 by Northland Capital. The firm earned “Overweight” rating on Wednesday, January 6 by Barclays Capital. The stock of Five9 Inc (NASDAQ:FIVN) earned “Buy” rating by Roth Capital on Thursday, April 14. The firm earned “Buy” rating on Monday, May 16 by Needham.

According to Zacks Investment Research, “Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, California.”

More news for Five9 Inc (NASDAQ:FIVN) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on April 04, 2014. Fool.com‘s article titled: “Why Five9 Inc. Stock Popped Today” and published on May 18, 2016 is yet another important article.

FIVN Company Profile

Five9 Inc. (Five9), incorporated on March 13, 2001, is a well-known 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 Firm facilitates over three billion interactions between its 2,000 clients and clients’ clients 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, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs). 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, to manage the customer experience and agent productivity.

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