Internap Network Services Corp. (INAP) Shares Up 4.2%
Internap Network Services Corp. (NASDAQ:INAP) shares shot up 4.2% during trading on Friday . The company traded as high as $2.33 and last traded at $2.22, with a volume of 168,062 shares changing hands. The stock had previously closed at $2.13.
A number of brokerages have recently commented on INAP. Zacks Investment Research cut Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Benchmark Co. increased 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. Finally, Drexel Hamilton reiterated a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.64.
The company’s market capitalization is $114.94 million. The stock 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 data on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The business earned $75.92 million during the quarter, compared to analysts’ expectations of $77.18 million. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate 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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