Opinions
Jim Cramer - Mad Money
Five9
FIVN-Q
BUY
Oct 30, 2020
A cloud company that helps call centres transition into a work-from-home model. He's long liked this, but Covid has accelerated their business. It reported a big beat yesterday and offered bullish guidance. Reported 27 cents EPS vs. 18 cents estimate. FIVN has tripled from its March lows and jumped 6% today when everything else sold.
$151.720
Stock price when the opinion was issued
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It was a pandemic, stay-at-home winner last year, but software stocks like this have been hammered lately. FIVN reported an excellent quarter in late April, but it didn't matter because tech is out of stock. However, tech is regaining some traction; FIVN jumped 3% today. Is this a relief rally or the bottom?
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BUY
He's long liked this. The all-stock deal with Zoom was cancelled yesterday after Zoom stock plunged since the deal was announced months ago. After the cancellation, six analysts upgraded FIVN to buy, because it's no longer shackled to Zoom. FIVN rallied 5% today. Ceveat: the market has been unfriendly to growth stocks lately.
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BUY ON WEAKNESS
Five9 is so confident that they walked away from a merger with Zoom Video. They reported last week a great quarter with an even better forecast. Shares jumped nearly 15%, but has since given up some of those gains from the fear over hot inflation numbers. Shares are down 24% from its August peak. Could be worth buying the dip.
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BUY
Last week, they posted one of the best quarters by anyone this year. FIVN reported a clean top and bottom line beat with very bullish guidance for this quarter. They raised their full-year forecast. They're EBITDA positive. A lucrative company this group. Shares jumped 7% in last Friday's market rout and added another 5% today. But the cloud software sector--all tech in fact--has been pummelled in the Wall Street fashion show. Wall St. is too negative on this.
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