GBX, FIVN, and PBI it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 27, 2024.
GBX, PBI, and FIVN it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 25, 2024.
PBI, GBX, and FIVN it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 21, 2024.
The Zacks Internet-Software Industry is currently in the top 14% of nearly 250 Zacks industries, with several stocks starting to stand out in terms of growth and momentum.
PBI, GBX, and FIVN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 19, 2024.
VMEO, SPPJY and FIVN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 14, 2024.
Five9 (FIVN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The consensus price target hints at a 33.4% upside potential for Five9 (FIVN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Five9, Inc. (NASDAQ:FIVN ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mike Burkland - CEO and Chairman Andy Dignan - COO Barry Zwarenstein - CFO Conference Call Participants David Hynes - Canaccord Michael Turrin - Wells Fargo Meta Marshall - Morgan Stanley Will Power - Baird Arjun Bhatia - William Blair Ryan MacWilliams - Barclays Robert Dee - Truist Siti Panigrahi - Mizuho Quinton Gabrielli - Piper Sandler Billy Fitzsimmons - Jefferies Michael Funk - Bank of America Merrill Lynch Catharine Trebnick - Rosenblatt Operator Thank you for joining us today. Certain statements made during the course of this conference call that are not historical facts including those regarding the future financial performance and cash position of the company, expected improvement in financial and related metrics, expected ARR from certain customers, our proposed acquisition of Acqueon, certain expected revenue mix shifts, customer growth, anticipated customer benefits from our solution including from AI, the extent of the anticipated TAM expansion and our ability to take advantage of any such expansion, company growth, enhancements to in development of our solution, market size and trends, our expectations regarding macroeconomic conditions, company market position, initiatives and expectations, technology and product initiatives, including investment in R&D and other future events or results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Five9 (FIVN) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.52 per share a year ago.
Five9 reported 2Q24 revenues of $252 million, showing 13% YoY and 2.02% QoQ growth, with stable gross margins and improved operating and net income margins. Increase in artificial intelligence adoption will increase FIVN's TAM by 30%. The acquisition of Acqueon will enhance FIVN's outbound communication services and AI capabilities. FIVN has a strong liquidity profile and is able to generate consistent free cash flows.
Legion Partners has built a stake in Five9 and is pushing for a board seat and cost cuts, two sources familiar with the matter said on Tuesday, making it the second activist investor to buy into the U.S. call center software firm's stock.