Image source: The Motley Fool. Five9 Inc (NASDAQ: FIVN)Q1 2020 Earnings CallMay 4, 2020, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Five9's Q1 Fiscal Year 2020 Earnings Conference Call.
The enterprise software industry group is stacked with top-performing growth stocks, including cloud-based contact center software provider Five9. Five9 CEO Rowan Trollope provides insights about the company's consistent execution of strong quarterly top-line growth and how it's transforming the customer service experience.
Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, today announced its intention to offer, subject to market conditions and other factors, $650 million aggregate principal amount of convertible senior notes due 2025 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Act"). Five9 also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $97.5 million aggregate principal amount of the notes.
Five9, Inc. (Nasdaq: FIVN), a leading provider of cloud contact center software for the digital enterprise, today announced that it will release financial results for the first quarter 2020 ended March 31, 2020 following the close of market on Monday, May 4, 2020. The Company will host a corresponding conference call and webcast at 4:30 p.m. Eastern Time on that day.
Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, today announced the pricing of $650 million aggregate principal amount of 0.500% convertible senior notes due 2025 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Act"). Five9 also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $97.5 million aggregate principal amount of the notes.
Joint Customer Live with Agent-Expert Consultation - Now Offered on Top of Five9 Integration with Zoom Phone
Five9 (FIVN) has extended its impressive string of earnings beats, exceeding consensus 1Q20 revenue and earnings estimates as subscription revenue grew (+33% year-over-year).“We believe customers are seeing first-hand the need for a cloud based system in times when agents' normal work location are compromised” explains Needham analyst Scott Berg.Specifically, revenue of $95.1M surged by 27.7% year-over-year, and beat by $5.52 million. Similarly, Q1 Non-GAAP EPS of $0.17 beat the Street forecast by $0.02, while GAAP EPS of -$0.12 beat by $0.02.“We delivered strong first quarter results, with revenue of $95.1 million, up 28% year-over-year, driven by our continued success in our Enterprise business. I am extremely proud of the ways in which we’ve delivered exceptional service to our customers during the COVID-19 pandemic” commented CEO Rowan Trollope.Looking ahead, the cloud contact center software provider offered solid Q2 guidance. The company now expects revenue of $91.0M, above consensus estimates of $89.5M, and 2Q20 EPS of $0.15 in-line with consensus estimates.Meanwhile FIVN management reaffirmed their FY20 revenue guidance of $382M (+16% year-ovver-year), but decreased their FY20 EPS guidance from $.85 to $.74.Following the earnings release, Rosenblatt analyst Ryan Koontz reiterated his Five9 buy rating and $114 price target. Shares have now surged 46% year-to-date- but Koontz sees a further 19% upside potential ahead.“We remain highly enthused by FIVN execution and demonstrated success in mid-market and enterprise” he cheered. “We are pleased to see the company sustain its emphasis on channel strategy to support global SIs, service scale, Fortune 500 enterprise capacity, and international reach.”Management also announced a major new channel relationship with AT&T (T), notes Koontz, whereby FIVN will become the exclusive CCaaS supplier to AT&T.He writes: “We view this relationship as significant as AT&T has historically been a major channel partner to major on-prem contact center providers such as Cisco and Genesis.”Overall, the stock scores a cautiously optimistic Moderate Buy consensus from the Street. But with such an extensive rally over the last few months, the average analyst price target of $85 now indicates downside potential of 11%. (See Five9 Stock Analysis on TipRanks).Related News: Apple Shores Up $8.5 Billion in Debt For Dividend Payout, Share Buybacks Facebook (FB): Next Stop, $244? Boeing to Axe 16,000 Jobs as Coronavirus Throttles New Plane Demand More recent articles from Smarter Analyst: * Under Armour Stock Could Stay Grounded... For Now * Uber Said to Be in Talks to Snap Up Rival GrubHub * Citron Research Accuses Peloton Stock Of Peddling Its Way To Stupidity * Moderna’s Covid-19 Vaccine Candidate Gets FDA Fast Track Status
For his second "Executive Decision" segment of Mad Money Tuesday night, Jim Cramer spoke with Rowan Trollope, CEO of Five9 , the contact center provider with shares hitting new all-time highs this month. Trollope explained that Five9 is a digital platform that connects businesses to their customers via chat, SMS and telephone. Trollope said when Five9 surveyed their customers, 75% said they planned to continue to leverage remote workers after the pandemic.
This is a good time to look at your holdings and weed out companies that have high debt, or are losing money, or both Continue reading...
Five9 Continues Global Momentum as Businesses See the Power of Cloud
Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software for the digital enterprise, announced today that members of its management team will present at the Virtual 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on Thursday, May 14, 2020. The presentation will begin at 12:10 PM Eastern Time.
Five9 (FIVN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JFrog, the Universal DevOps technology leader known for enabling Liquid Software via continuous software release flows, today announced it has added three independent members to its Board of Directors. The new Board members, Jessica Neal, Elisa Steele and Barry Zwarenstein, have all supported fast-growing companies scale through significant corporate milestones and are key additions to the JFrog team, helping advise the company’s leadership on its continued path of growth.
Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software, today reported results for the first quarter ended March 31, 2020.
Five9 (FIVN) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Q1 2020 Five9 Inc Earnings Call
Video-conferencing company Zoom Video, workplace direct-messaging platform Slack Technologies, and interactive fitness-product company Peloton have seemingly become Wall Street darlings overnight. Following the company's strong first-quarter results earlier this week, The Motley Fool interviewed Five9 CEO Rowan Trollope and discussed how COVID-19 is impacting demand, what to expect from the tech company's performance after the virus fades into the rearview mirror, and more. On Monday, Five9 said its revenue jumped 28% year over year to $95.1 million.
Five9 (FIVN) delivered earnings and revenue surprises of 13.33% and 6.51%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Five9 Announces Four New Packaged Applications Powered by Whendu to Streamline Enterprise Complexities
Five9, Inc. (NASDAQ: FIVN), a leading cloud contact center provider, today announced the introduction of Five9 Digital Engagement – a substantially enhanced suite of applications that empower businesses to deliver exceptional digital-first omnichannel experiences and a seamless, personalized human experience with their customers. The Five9 Digital Engagement suite is the latest generation SaaS offering encompassing a comprehensive set of digital channels from Five9, providing administration, and control with a focus on customer journey and context.