Interactive Intelligence (ININ) Misses Q4 EPS by 19c

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Go back to Interactive Intelligence (ININ) Misses Q4 EPS by 19c

Summit Research Cuts Price target Following Interactive Intelligence's (ININ) In-Line Guidance

February 2, 2016 8:22 AM EST

Summit Research maintained a Buy rating on Interactive Intelligence (NASDAQ: ININ), and cut the price target to $33.00 (from $41.00), following the company's 4Q earnings report. ININ reported strong 4Q results, yet gave essentially inline 1Q16 and 2016 guidance with Street estimates. Mgmt guided for 2016 cloud revs of $142 to $148M and overall revs of $440M.

Analyst Jonathan Kees commented, "Interactive Intelligence Group (ININ) reported strong 4Q15 (Dec) results yet gave... More