Internap Network Services Corp. (INAP) Trading Down 1.7%
Internap Network Services Corp. (NASDAQ:INAP) dropped 1.7% on Monday . The company traded as low as $2.26 and last traded at $2.28, with a volume of 151,578 shares. The stock had previously closed at $2.32.
Several equities research analysts have commented on INAP shares. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. Zacks Investment Research raised shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Wednesday, May 11th. Finally, Benchmark Co. upped their target price on shares of Internap Network Services Corp. from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Internap Network Services Corp. currently has an average rating of “Hold” and a consensus price target of $6.64.
The company’s market capitalization is $115.45 million. The firm’s 50-day moving average is $2.28 and its 200-day moving average is $2.92.
Internap Network Services Corp. (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.11. The business had revenue of $75.92 million for the quarter, compared to the consensus estimate of $77.18 million. During the same quarter last year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts expect that Internap Network Services Corp. will post ($0.43) EPS for the current fiscal 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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