Internap Network Services Corp. (INAP) Trading Up 1.4%
Internap Network Services Corp. (NASDAQ:INAP)’s share price was up 1.4% 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 equities analysts have recently weighed in on INAP shares. Benchmark Co. raised their price target on shares of Internap Network Services Corp. from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Friday, May 6th. Zacks Investment Research raised shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, May 11th. Finally, Drexel Hamilton reissued a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Internap Network Services Corp. has a consensus rating of “Hold” and a consensus target price of $6.64.
The firm’s 50 day moving average price is $2.28 and its 200 day moving average price is $3.00. The company’s market capitalization is $120.11 million.
Internap Network Services Corp. (NASDAQ:INAP) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.11. During the same period last year, the company earned ($0.17) earnings per share. The company had revenue of $75.92 million for the quarter, compared to analyst estimates of $77.18 million. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Internap Network Services Corp. will post ($0.43) EPS 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.