Benchmark Reiterates a 'Buy' on inContact (SAAS); Strategic Partnership and Equity Investment Is A Game Changer
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Price: $13.99 --0%
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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Benchmark reiterates a 'Buy' on inContact (NASDAQ: SAAS), PT raised to $6.
Benchmark analyst says, "We believe the Company’s distribution agreement and equity investment with Siemens (NYSE: SI) changes the shape of the battlefield and validates our oft-stated investment thesis that the Company is leveraged to favorable secular trends in the emerging cloud-based call center market that’s driven by increasing enterprise acceptance of cloud-based delivery models, particularly mid-sized contact centers with distributed agents."
"In light of this development, we are leaving our 2011 estimates unchanged but
increasing our 2012 revenue estimates $5 million to $104.5 million and raising our
non-GAAP EPS estimate $0.04 to $0.03."
For more ratings news on inContact click here and for the rating history of inContact click here.
Shares of inContact closed at $3.95 yesterday.
Benchmark analyst says, "We believe the Company’s distribution agreement and equity investment with Siemens (NYSE: SI) changes the shape of the battlefield and validates our oft-stated investment thesis that the Company is leveraged to favorable secular trends in the emerging cloud-based call center market that’s driven by increasing enterprise acceptance of cloud-based delivery models, particularly mid-sized contact centers with distributed agents."
"In light of this development, we are leaving our 2011 estimates unchanged but
increasing our 2012 revenue estimates $5 million to $104.5 million and raising our
non-GAAP EPS estimate $0.04 to $0.03."
For more ratings news on inContact click here and for the rating history of inContact click here.
Shares of inContact closed at $3.95 yesterday.
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