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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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