IntraLinks Holdings Inc. (IL) Trading Up 28%
Shares of IntraLinks Holdings Inc. (NYSE:IL) were up 28% during trading on Thursday . The stock traded as high as $8.76 and last traded at $8.50, with a volume of 601,584 shares. The stock had previously closed at $6.64.
Several analysts have issued reports on the company. Craig Hallum downgraded IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. B. Riley reissued a “buy” rating and issued a $14.25 price target on shares of IntraLinks Holdings in a research note on Monday, May 9th. Finally, Zacks Investment Research downgraded IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd.
The stock’s market cap is $466.73 million. The stock’s 50 day moving average is $6.85 and its 200-day moving average is $7.62.
IntraLinks Holdings (NYSE:IL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.17. The company had revenue of $73 million for the quarter, compared to the consensus estimate of $72.81 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, analysts forecast that IntraLinks Holdings Inc. will post $0.14 earnings per share for the current fiscal 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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