Communications as a Service (CaaS) Industry News

TMCNet:  inContact Earnings Review: 18 Days after Announcement Shares Down 11.6% (SAAS)

[November 19, 2012]

inContact Earnings Review: 18 Days after Announcement Shares Down 11.6% (SAAS)

Nov 19, 2012 (SmarTrend(R) News Watch via COMTEX) -- When inContact (NASDAQ:SAAS) reported earnings two weeks ago on November 1st, 2012, analysts, on average, expected the company to report a loss of $0.03 on sales of $26.7 million. inContact actually reported a loss of $0.02 per share on sales of $27.9 million, beating EPS estimates by $0.01 and beating revenue estimates by $1.2 million. Since the company's report, shares of inContact have fallen from $5.94 to $5.25, representing a loss of 11.6% in the past 18 days.

inContact share prices have moved between a 52-week high of $7.16 and a 52-week low of $3.79 and are now trading 39% above that low price at $5.25 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of inContact on October 19th, 2012 by issuing a Downtrend alert when the shares were trading at $5.92. Since that call, shares of inContact have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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