Internap Network Services Corp. (INAP) Trading Down 2.4%
Internap Network Services Corp. (NASDAQ:INAP) dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $2.44 and last traded at $2.46, with a volume of 132,288 shares trading hands. The stock had previously closed at $2.52.
INAP has been the subject of several recent research reports. Drexel Hamilton reiterated a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. Zacks Investment Research upgraded 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 note on Wednesday, May 11th. Finally, Benchmark Co. boosted their price target on 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, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Internap Network Services Corp. presently has an average rating of “Hold” and an average target price of $6.64.
The firm has a 50 day moving average of $2.35 and a 200-day moving average of $2.76. The firm’s market capitalization is $124.77 million.
Internap Network Services Corp. (NASDAQ:INAP) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. During the same quarter in the previous year, the business earned ($0.17) EPS. The company had revenue of $75.92 million for the quarter, compared to analysts’ expectations of $77.18 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate 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.
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.