Interactive Intelligence Group Inc (ININ) is Downgraded by Craig Hallum to Hold

Interactive Intelligence Group Inc (ININ) 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 Sep 2, 2016.

Many Wall Street Analysts have commented on Interactive Intelligence Group Inc. Interactive Intelligence Group Inc was Downgraded by ROTH Capital to ” Neutral” on Sep 1, 2016. Interactive Intelligence Group Inc was Downgraded by Northland Capital to ” Market Perform” on Sep 1, 2016. Interactive Intelligence Group Inc was Downgraded by First Analysis Sec to ” Equal-Weight” on Sep 1, 2016.

On the company’s financial health, Interactive Intelligence Group Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.17. The company had revenue of $108.80 million for the quarter, compared to analysts expectations of $103.33 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Interactive Intelligence Group Inc opened for trading at $59.87 and hit $60.45 on the upside on Thursday, eventually ending the session at $60.14, with a gain of 0.48% or 0.29 points. The heightened volatility saw the trading volume jump to 14,21,657 shares. Company has a market cap of $1,337 M.

In a different news, on May 24, 2016, Edward Hamburg (director) sold 4,000 shares at $0.00 per share price. According to the SEC, on Mar 3, 2016, Jeff M. Platon (Chief Marketing Officer) sold 880 shares at $31.54 per share price. On Dec 16, 2015, Gary R Blough (Chief International Officer) sold 23,483 shares at $31.10 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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