Intralinks Holdings Inc (IL) is Downgraded by Craig Hallum to Hold

Intralinks Holdings Inc (IL) was Downgraded by Craig Hallum to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Craig Hallum advised their investors in a research report released on May 4, 2016.

On the company’s financial health, Intralinks Holdings Inc reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.02. The company had revenue of $70.70 million for the quarter, compared to analysts expectations of $69.88 million. The company’s revenue was up 6.6% compared to the same quarter last year.

Intralinks Holdings Inc opened for trading at $8.96 and hit $9.09 on the upside on Monday, eventually ending the session at $9.04, with a gain of 1.46% or 0.13 points. The heightened volatility saw the trading volume jump to 1,84,182 shares. Company has a market cap of $529 M.

In a different news, on Jun 2, 2015, Rainer Gawlick (Exec. VP, Global Sales) sold 250 shares at $10.69 per share price. According to the SEC, on Mar 17, 2015, Jose Almandoz (EVP of Business Ops, Svc & CIO) sold 4,000 shares at $10.82 per share price.

Intralinks Holdings Inc. is a global provider of Software-as-a-Service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage control track search and exchange time-sensitive information inside and outside the firewall all within a secure and easy-to-use environment. The Company delivers its solutions through a cloud-based model making them available on-demand over the Internet using a multi-tenant SaaS architecture in which a single instance of its software serves all the customers. The Company serves enterprises and governmental agencies in approximately 94 countries across a range of industries including financial services pharmaceutical manufacturing biotechnology consumer energy telecommunications industrial legal professional services insurance and technology.

Intralinks Holdings Inc

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