Internap Network Services Corp. (INAP) Trading Down 5.3%
Internap Network Services Corp. (NASDAQ:INAP)’s share price traded down 5.3% on Thursday . The company traded as low as $2.11 and last traded at $2.13, with a volume of 493,309 shares. The stock had previously closed at $2.25.
A number of equities analysts recently weighed in on the stock. Benchmark Co. lifted their target price on shares of 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. 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 note on Wednesday, May 11th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.64.
The firm’s market capitalization is $110.28 million. The stock’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.66.
Internap Network Services Corp. (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. The company earned $75.92 million during the quarter, compared to the consensus estimate of $77.18 million. During the same quarter last year, the company posted ($0.17) earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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.
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