[May 15, 2013] Interactive Intelligence has the Highest Forward P/E Ratio in the Application Software Industry (ININ, CNQR, ULTI, AZPN, QLIK) Tweet May 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Interactive Intelligence ranks highest with a a forward P/E ratio of 92.14. Following is Concur Technologies with a a forward P/E ratio of 62.90. Ultimate Software ranks third highest with a a forward P/E ratio of 62.68. Aspen Technology follows with a a forward P/E ratio of 57.02, and QLIK Technologies rounds out the top five with a a forward P/E ratio of 51.60. SmarTrend is monitoring the recent change of momentum in QLIK Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of QLIK Technologies in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]