IntraLinks Holdings Inc. (IL) Trading 28% Higher
IntraLinks Holdings Inc. (NYSE:IL) shares traded up 28% on Thursday . The company traded as high as $8.76 and last traded at $8.50, with a volume of 601,584 shares changing hands. The stock had previously closed at $6.64.
IL has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating and set a $14.25 target price on shares of IntraLinks Holdings in a report on Friday, April 29th. Craig Hallum cut shares of IntraLinks Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research raised shares of IntraLinks Holdings from a “hold” rating to a “strong-buy” rating and set a $8.75 target price for the company in a report on Friday, May 6th.
The firm’s market capitalization is $490.38 million. The company’s 50 day moving average price is $6.90 and its 200 day moving average price is $7.63.
IntraLinks Holdings (NYSE:IL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.17. The firm had revenue of $73 million for the quarter, compared to analysts’ expectations of $72.81 million. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Equities analysts predict that IntraLinks Holdings Inc. will post $0.16 EPS for the current year.
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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