Internap Network Services Corp. (INAP) Trading 3.7% Higher
Shares of Internap Network Services Corp. (NASDAQ:INAP) traded up 3.7% during trading on Wednesday . The stock traded as high as $2.55 and last traded at $2.53, with a volume of 222,198 shares changing hands. The stock had previously closed at $2.44.
Several analysts have commented on the stock. Benchmark Co. increased their price target on shares of Internap Network Services Corp. from $5.00 to $5.50 and gave the company a “buy” rating in a research report 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 for the company in a research report on Wednesday, May 11th. Finally, Drexel Hamilton reissued a “buy” rating on shares of Internap Network Services Corp. in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Internap Network Services Corp. presently has an average rating of “Hold” and a consensus price target of $6.64.
The firm has a 50-day moving average of $2.33 and a 200 day moving average of $2.79. The firm’s market cap is $130.47 million.
Internap Network Services Corp. (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. The company earned $75.92 million during the quarter, compared to analysts’ expectations of $77.18 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Analysts expect 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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