Internap Network Services Corp. (INAP) Trading Up 4%
Internap Network Services Corp. (NASDAQ:INAP) shares were up 4% during mid-day trading on Thursday . The stock traded as high as $2.36 and last traded at $2.33, with a volume of 319,542 shares. The stock had previously closed at $2.24.
Several research analysts have issued reports on INAP shares. Drexel Hamilton reiterated a “buy” rating on shares of Internap Network Services Corp. in a report 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 on the stock in a report on Wednesday, May 11th. Finally, Benchmark Co. increased their price target on Internap Network Services Corp. from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Internap Network Services Corp. has an average rating of “Hold” and an average target price of $6.44.
The firm’s market capitalization is $101.99 million. The company’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.58.
Internap Network Services Corp. (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.02. During the same quarter in the previous year, the company posted ($0.20) EPS. The company earned $74.30 million during the quarter, compared to the consensus estimate of $76.61 million. Internap Network Services Corp.’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, 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 segments: Data Center Services segment and Internet Protocol Services segment. It offers hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services.
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