inContact Tumbles: SAAS Falls 7.6% in Session – Tale of the Tape

March 25, 2015 Technicals 0

Zacks

inContact, Inc. (SAAS) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $10.76 to $11.90 in the past one-month time frame.

On Mar 24, inContact announced the pricing of its offering of $100 million aggregate principal amount of convertible senior notes due 2022.

The internet software company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SAAS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Another better-ranked stock in the same sector is ClickSoftware Technologies Ltd. (CKSW) with a Zacks Rank #1 (Strong Buy).

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