Interactive Intelligence Up 21.4% After Hitting 52-Week High (ININ)

Shares of Interactive Intelligence, Inc.

are trading up 21.4% at $35.71 per share during the Tuesday afternoon trading session. The company released preliminary 4th quarter results on Monday morning, saying that it expects EPS of 48 cents to 52 cents, on revenue of $49.0 million to $51.0 million. Founder and CEO Donald E. Brown said, "The fourth quarter has traditionally been our strongest quarter each year. That was true for 2010 as well. A number of significant product orders resulted in an outstanding performance for the quarter, including five orders over $1 million and another 25 orders over $250,000.” The day's trading range for shares of Interactive Intelligence, Inc has been between $34.02 and a 52-week high of $36.99 per share. Analysts covering Interactive Intelligence, Inc. (

) stock give it a consensus price target of $27.40 per share. Trading volume for Interactive Intelligence, Inc has been heavy, with 534,000 shares having been traded today, already far above the daily average volume of 138,000 shares. Interactive Intelligence Inc is a global provider of unified business communications solutions for contact center automation, enterprise IP telephony, and business process automation. Read more