Oppenheimer Lowers Estimates on Inteliquent (IQNT) After Disappointing Results
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Price: $22.90 --0%
Rating Summary:
2 Buy, 2 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
Rating Summary:
2 Buy, 2 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
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Oppenheimer maintains a 'Perform' on Inteliquent (NASDAQ: IQNT).
Analyst, Timothy Horan, said, "IQNT reported disappointing results as a decline in LTS traffic caused voice revenues to fall 5% sequentially. The loss in traffic is due to a lost wireless customer that pulled its traffic in the quarter. Given the changes occurring in the business model, costs are difficult to forecast, but we expect EBITDA margins to continue trending down for the rest of the year. Management lowered guidance, and our new estimates are at the low end."
FY12 EPS estimate cut from $0.82 to $0.69 and FY13 from $0.73 to $1.01.
For an analyst ratings summary and ratings history on Inteliquent click here. For more ratings news on Inteliquent click here.
Shares of Inteliquent closed at $12.14 yesterday.
Analyst, Timothy Horan, said, "IQNT reported disappointing results as a decline in LTS traffic caused voice revenues to fall 5% sequentially. The loss in traffic is due to a lost wireless customer that pulled its traffic in the quarter. Given the changes occurring in the business model, costs are difficult to forecast, but we expect EBITDA margins to continue trending down for the rest of the year. Management lowered guidance, and our new estimates are at the low end."
FY12 EPS estimate cut from $0.82 to $0.69 and FY13 from $0.73 to $1.01.
For an analyst ratings summary and ratings history on Inteliquent click here. For more ratings news on Inteliquent click here.
Shares of Inteliquent closed at $12.14 yesterday.
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