Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News


Five9 stock up 7% after announcing second quarter financial results

Five9 (NASDAQ: FIVN) stock rose by 7% after announcing its second quarter financials for the 2022 financial year. The cloud contact center software provider reported total revenue of about $189.4 million in the second quarter, representing a 32% increase from the $143.8 million it recorded in the same quarter of the previous fiscal year.

Five9 tops analyst estimates 

Five9 recorded a $0.34 adjusted EPS to top the $0.18 analyst estimate. The $189 million total revenue it reported in this quarter also crushed the $180.1 million analyst consensus. The adjusted EPS in the second quarter of 2022 came to $0.31 to $0.33 per share on $192.5 million to $193.5 million total revenues.

On FY basis, the company forecasts adjusted earnings of between $1.38 per share to about $1.40 per share on $780.5 to $782.5 million revenue. Again, this topped the $1.23 per share on a $770.2 million revenue analyst estimate.

Rowan Trollope, the company’s Chief Executive, claimed that despite the uncertainties in the macro environment, the company continued to witness robust growth record booking in the second quarter for both their installed base and new logos.

Analyst comments and estimates 

Matt VanVlient, an analyst at BTIG, wrote:

While management again provided “very prudent” guidance of 28% growth in 3Q and FY22 given the macro uncertainty, this was coupled with very positive pipeline commentary and assurance of >30% enterprise growth for the next several years.

VanVlient claimed that they remain confident Five9 will continue to beat analyst expectations and continue to provide excellent fundamentals in the industry.

Mr McGinnis, an analyst at UBS, said the company provided in-line financial results, which somewhat translates into a win in this type of market environment.

McGinnis said:

While this appeared more in-line with expectations heading into earnings season, we view these results as relatively strong since many others in software have disappointed with weaker performances/guides. This is consistent with recent checks, who were more constructive on CCaaS demand than others in the front-office/communications space.

The post Five9 stock up 7% after announcing second quarter financial results appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...


    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023