According to Zacks, “IntraLinks Holdings, Inc. is a global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment, eliminating the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. Its solutions are used by professionals from organizations in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies. The Company claims to transform slow, expensive, information-intensive tasks into streamlined, efficient, real-time business processes through its solutions. IntraLinks Holdings, Inc. is based in New York, New York. “
Several other equities research analysts have also weighed in on the company. Craig Hallum upgraded IntraLinks Holdings from a hold rating to a buy rating and set a $9.00 price target on the stock in a research report on Thursday, August 4th. JMP Securities initiated coverage on IntraLinks Holdings in a research report on Thursday, September 22nd. They set a market perform rating and a $13.00 price target on the stock. Finally, B. Riley restated a buy rating and set a $14.25 price target on shares of IntraLinks Holdings in a research report on Monday, August 1st.
IntraLinks Holdings (NYSE:IL) opened at 9.70 on Wednesday. IntraLinks Holdings has a 1-year low of $6.22 and a 1-year high of $10.44. The stock’s 50 day moving average price is $9.70 and its 200 day moving average price is $8.21. The company’s market cap is $550.80 million.
IntraLinks Holdings (NYSE:IL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.17. IntraLinks Holdings had a negative net margin of 8.92% and a negative return on equity of 0.66%. The firm had revenue of $73 million for the quarter, compared to the consensus estimate of $72.81 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that IntraLinks Holdings will post $0.20 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in IL. PEAK6 Investments L.P. bought a new position in shares of IntraLinks Holdings during the second quarter worth about $102,000. AHL Partners LLP bought a new position in shares of IntraLinks Holdings during the second quarter worth about $114,000. JPMorgan Chase & Co. boosted its position in shares of IntraLinks Holdings by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 17,846 shares of the company’s stock worth $116,000 after buying an additional 4,796 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of IntraLinks Holdings during the second quarter worth about $130,000. Finally, Alambic Investment Management L.P. bought a new position in shares of IntraLinks Holdings during the second quarter worth about $139,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
IntraLinks Holdings Company Profile
Intralinks Holdings, Inc is a technology provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall.
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