Cramer weighs in on ININ

Well, Cramer gave his opinion on ININ today.

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From CNBC

Before diving in Monday’s “Mad Mail,” Cramer returned to Interactive Intelligence, a stock that John in Wisconsin had asked about last Thursday, Nov. 18.

Interactive Intelligence [ININ 26.58 0.13 (+0.49%) ] is largely a software provider for call-centers, a one-stop-shop that allows its customers to automate, monitor, route, and track all customer communications, from calls to e-mails to faxes, within a unified system, something that saves call centers both time and money. This makes up 70 percent of the company’s sales. The other 30 percent comes from ININ’s Internet Protocol communications division, where it provides Internet telephone services to business customers.

Now, ININ is up 49 percent just in the last six weeks thanks to a new communications-as-service offering that uses cloud computing to provide Internet-based telephony with lower upfront costs and faster implementation than setting up an actual physical network. This division accounts for only 4 percent of total revenues, but it shot up an eye-popping 79 percent year-over-year just in the last quarter. And Interactive Intelligence has already signed a slew of new deals in this space and already has an edge of the competition.

So what’s the play then? As much as Cramer likes the story here, he can’t yet recommend ININ. It’s too expensive at this level. So before he can consider for even speculation, the share price needs to come down. Investors, then, should sit tight until then.

ININ Mentioned on Cramer for Follow Up

Was surprised today to see Interactive Intelligence (ININ) get a mention from Cramer today on the lightning round.  He was stumped but lets see what he comes back with.