Is Five9, Inc. (FIVN)’s Fuel Running Low? The Stock Reaches 52-Week High Today

June 13, 2018 - By Bernice Betts

Five9, Inc. (NASDAQ:FIVN) Logo

The stock of Five9, Inc. (NASDAQ:FIVN) hit a new 52-week high and has $40.59 target or 6.00 % above today’s $38.29 share price. The 6 months bullish chart indicates low risk for the $2.21 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $40.59 price target is reached, the company will be worth $132.54M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.74% or $0.28 during the last trading session, reaching $38.29. About 437,584 shares traded. Five9, Inc. (NASDAQ:FIVN) has risen 51.28% since June 13, 2017 and is uptrending. It has outperformed by 38.71% the S&P500.

Analysts await Five9, Inc. (NASDAQ:FIVN) to report earnings on August, 2. They expect $-0.07 earnings per share, 0.00 % or $0.00 from last year’s $-0.07 per share. After $-0.01 actual earnings per share reported by Five9, Inc. for the previous quarter, Wall Street now forecasts 600.00 % negative EPS growth.

Five9, Inc. (NASDAQ:FIVN) Ratings Coverage

Among 6 analysts covering Five9 (NASDAQ:FIVN), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Five9 has $30.0 highest and $19 lowest target. $27.50’s average target is -28.18% below currents $38.29 stock price. Five9 had 9 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Five9, Inc. (NASDAQ:FIVN) has “Equal-Weight” rating given on Monday, January 8 by Barclays Capital. The stock of Five9, Inc. (NASDAQ:FIVN) earned “Equal-Weight” rating by Morgan Stanley on Friday, April 27. The firm earned “Underperform” rating on Thursday, February 22 by Bank of America. Barclays Capital maintained Five9, Inc. (NASDAQ:FIVN) rating on Thursday, February 22. Barclays Capital has “Equal-Weight” rating and $28 target. Northland Capital maintained Five9, Inc. (NASDAQ:FIVN) on Thursday, February 22 with “Buy” rating. The stock of Five9, Inc. (NASDAQ:FIVN) has “Overweight” rating given on Thursday, February 22 by KeyBanc Capital Markets. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, May 2. The stock of Five9, Inc. (NASDAQ:FIVN) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, March 13. The stock of Five9, Inc. (NASDAQ:FIVN) has “Buy” rating given on Wednesday, January 31 by SunTrust.

Another recent and important Five9, Inc. (NASDAQ:FIVN) news was published by Businesswire.com which published an article titled: “Five9 President, Dan Burkland to Host the Customer Contact Week Excellence Awards Ceremony” on June 12, 2018.

Five9, Inc., together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company has market cap of $2.21 billion. 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 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. It currently has negative earnings. The companyÂ’s solution enables its clients to manage these customer interactions across various channels, including voice, chat, email, Web, social media, and mobile, as well as connects them to an appropriate agent.

Five9, Inc. (NASDAQ:FIVN) Ratings Chart

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