Long Position on FIVN @ $52.20 on 4/4/2019 (Momentum)

double bottom formation $FIVNFive9, Inc. (FIVN) provides cloud software for contact centers in the United States and internationally.

The company 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 as 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.

Its 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.

The company also provides a set of management applications, such as workforce management, reporting, quality management, and supervisor tools.

The company serves customers in various industries comprising banking and financial services, business process outsourcers, consumer, healthcare, and technology. 

Shares have formed a bullish "double bottom" formation following its latest quarterly report. The formation is supported by the stock's 50-day moving average. Five9  reported 4th Quarter December 2018 earnings of $0.24 per share on revenue of $72.3 million. The consensus earnings estimate was $0.14 per share on revenue of $66.5 million. It expects first quarter non-GAAP earnings of $0.11 to $0.13 per share on revenue of $70.0 million to $71.0 million and 2019 earnings of $0.58 to $0.62 per share on revenue of $298.5 million to $301.5 million. The current consensus earnings estimate is $0.12 per share on revenue of $68.8 million for the quarter ending March 31, 2019 and $0.59 per share on revenue of $296.4 million for the year ending December 31, 2019. Higher share prices are expected for this stock.

 

Entry Point: $52.20

Stop Loss: $49.50

Trading Range: $26.92 - $57.90

Target Price: $57.42

 

Updates

6/7/2019 3:02:25 PM

FIVN closed at $49.00

Position closed on 6/7/2019 at price of $49.00 with a -6.13% loss in 64 days.

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