Internap Network Services Corp. (INAP) Trading 1.3% Higher
Internap Network Services Corp. (NASDAQ:INAP) traded up 1.3% on Wednesday . The company traded as high as $2.45 and last traded at $2.41, with a volume of 187,794 shares. The stock had previously closed at $2.38.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a report on Monday, June 6th. Finally, Benchmark Co. lifted their target price 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.64.
The company’s market capitalization is $125.29 million. The stock’s 50-day moving average price is $2.30 and its 200 day moving average price is $2.91.
Internap Network Services Corp. (NASDAQ:INAP) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The business earned $75.92 million during the quarter, compared to analysts’ expectations of $77.18 million. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. On average, analysts predict 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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