Internap Network Services Corp. (INAP) Stock Price Down 2.4%
Internap Network Services Corp. (NASDAQ:INAP) traded down 2.4% on Thursday . The stock traded as low as $2.44 and last traded at $2.46, with a volume of 132,288 shares. The stock had previously closed at $2.52.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised 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. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. Finally, Benchmark Co. upped their price target on 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.64.
The company’s market cap is $126.84 million. The company has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.78.
Internap Network Services Corp. (NASDAQ:INAP) last issued its earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.11. During the same period last year, the firm earned ($0.17) earnings per share. The firm had revenue of $75.92 million for the quarter, compared to the consensus estimate of $77.18 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. 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.
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