Internap Network Services Corp. (INAP) Trading Up 1.4%
Internap Network Services Corp. (NASDAQ:INAP) shares were up 1.4% during mid-day trading on Thursday . The stock traded as high as $2.20 and last traded at $2.15, with a volume of 57,906 shares traded. The stock had previously closed at $2.12.
Several research analysts have issued reports on INAP shares. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a report on Monday, June 6th. Zacks Investment Research raised Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Wednesday, May 11th. Finally, Benchmark Co. upped their price objective on Internap Network Services Corp. from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.64.
The company’s market cap is $115.97 million. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $3.04.
Internap Network Services Corp. (NASDAQ:INAP) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The firm earned $75.92 million during the quarter, compared to the consensus estimate of $77.18 million. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. On average, analysts forecast that Internap Network Services Corp. will post ($0.43) earnings per share for the current year.
Internap Corporation, formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two business segments: Data Center Services segment and Internet Protocol Services segment. Data Center Services segment includes colocation, hosting and cloud services.
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