Inteliquent Got Some Bad NewsBy Ryan Adsit
According to TipRanks.com, Louthan is a 5-star analyst with an average return of 14.7% and a 76.2% success rate. Louthan covers the Technology sector, focusing on stocks such as Interxion Holding N.V., General Communication, and Consolidated Comms.
Inteliquent has an analyst consensus of Hold, with a price target consensus of $20.
Based on Inteliquent’s latest earnings report from June 30, the company posted quarterly revenue of $90.75M and quarterly net profit of $8.98M. In comparison, last year the company earned revenue of $63.72M and had a net profit of $8.27M.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IQNT in relation to earlier this year.
Inteliquent, Inc. provides wholesale voice services for carriers and service providers. It offers voice, IP Transit and Ethernet telecommunications services. The company also offers IP-based interconnection services along with traditional time division multiplexing services. Its voice services allow carriers to exchange local and long distance traffic between their networks without using an incumbent local exchange carriers tandem or establishing direct connections. The company serves wireless carriers, cable companies, competitive local exchange carriers and broadband service providers. Inteliquent was founded by James P. Hynes, David Russell Wojcik, Christopher Swenson and Ronald W. Gavillet on April 19, 2001 and is headquartered in Chicago, IL.