Why Five9 Stock Is Rising Today
Cloud-based contact center specialist (NASDAQ: FIVN) reported fourth-quarter results on Thursday evening. The company breezed past Wall Street's estimates across the board, and the stock opened Friday's trading session 19.7% higher.
But there's more to the Five9 story, and the stock is only up by 5.2% at 11:30 a.m. ET.
Five9's fourth-quarter revenues rose 16.6% year over year to $279 million. Your average analyst would have settled for approximately $267 million. On the bottom line, adjusted earnings jumped from $0.61 to $0.79 per diluted share. Here, the analyst consensus stopped at $0.70 per share.
Source Fool.com
Five9 Inc. Stock
€22.34
-2.040%
The community is currently still undecided about Five9 Inc. with 2 Buy predictions and 0 Sell predictions.
With a target price of 52 € there is potential for a 132.77% increase which would mean more than doubling the current price of 22.34 € for Five9 Inc..
