Interactive Intelligence Group Inc (ININ) is Downgraded by Sidoti to Neutral

Interactive Intelligence Group Inc (ININ) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Apr 20, 2016.

On the company’s financial health, Interactive Intelligence Group Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.04. The company had revenue of $107.70 million for the quarter, compared to analysts expectations of $105.16 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Interactive Intelligence Group Inc opened for trading at $37.83 and hit $38.75 on the upside on Monday, eventually ending the session at $38.36, with a gain of 0.42% or 0.16 points. The heightened volatility saw the trading volume jump to 54,825 shares. Company has a market cap of $845 M.

In a different news, on Mar 3, 2016, Jeff M. Platon (Chief Marketing Officer) sold 880 shares at $31.54 per share price. According to the SEC, on Dec 16, 2015, Gary R Blough (Chief International Officer) sold 23,483 shares at $31.10 per share price. On Dec 8, 2015, William J. Iii Gildea (Chief Operating Officer) sold 5,000 shares at $34.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Interactive Intelligence Group Inc. is a provider of software and services for collaboration communications and customer engagement. The Company’s primary offering is its Customer Interaction Center (CIC) product suite a multichannel communications platform that can be deployed on-premises or through the cloud as Communications as a Service (CaaS). The Company is engaged in the contact center market where its software applications provide pre-integrated inbound and outbound communications functionality. The Company utilizes this same communications platform to provide solutions for unified communications workforce optimization and business process automation. Its solutions are applicable in various industries including tele-services insurance banking accounts receivable management utilities healthcare retail technology government and business services.

Interactive Intelligence Group Inc

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