Internap Network Services Corp. (INAP) Trading Up 4.2%
Internap Network Services Corp. (NASDAQ:INAP) was up 4.2% during mid-day trading on Friday . The company traded as high as $2.33 and last traded at $2.22, with a volume of 168,062 shares trading hands. The stock had previously closed at $2.13.
A number of equities research analysts recently issued reports on INAP shares. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. Zacks Investment Research raised shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Wednesday, May 11th. Finally, Benchmark Co. increased their target price on shares of 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 analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.64.
The company’s market cap is $114.94 million. The company has a 50-day moving average of $2.33 and a 200-day moving average of $2.64.
Internap Network Services Corp. (NASDAQ:INAP) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The company earned $75.92 million during the quarter, compared to analyst estimates of $77.18 million. During the same period in the prior year, the business posted ($0.17) EPS. Internap Network Services Corp.’s revenue was down 6.0% compared to the same quarter last year. On average, analysts forecast that Internap Network Services Corp. will post ($0.43) earnings per share 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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