According to Zacks, “inContact, Inc. operates as a hosted, software as a service company offering a range of hosted contact handling and performance management software services, in addition to a variety of connectivity options for carrying an inbound call into its inContact suite of services.The Company sells telecom services unbundled from its inContact service offering, including dedicated, switched, toll free and data lines.The company also operates as a reseller of domestic and international long distance and other services provided by national and regional wholesale providers.It was formerly known as UCN, Inc. and is based in Midvale, Utah. “
Shares of inContact (NASDAQ:SAAS) opened at 13.97 on Wednesday. inContact has a 52-week low of $6.25 and a 52-week high of $13.99. The stock’s market cap is $873.61 million. The company’s 50 day moving average price is $13.89 and its 200 day moving average price is $12.32.
inContact (NASDAQ:SAAS) last announced its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.15. inContact had a negative return on equity of 12.85% and a negative net margin of 7.86%. The firm had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.43 million. During the same period in the previous year, the business earned ($0.12) EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts anticipate that inContact will post ($0.25) earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Omni Partners LLP purchased a new stake in shares of inContact during the second quarter worth approximately $313,000. Alpine Associates Management Inc. purchased a new stake in shares of inContact during the second quarter worth approximately $45,714,000. CNH Partners LLC purchased a new stake in shares of inContact during the second quarter worth approximately $35,306,000. Allianz Asset Management AG boosted its stake in shares of inContact by 514.9% in the second quarter. Allianz Asset Management AG now owns 2,413,331 shares of the company’s stock worth $33,425,000 after buying an additional 2,020,866 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of inContact during the second quarter worth approximately $22,245,000. 94.43% of the stock is owned by institutional investors.
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.
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