Internap Network Services Corp. (INAP) Trading 2.4% Higher
Internap Network Services Corp. (NASDAQ:INAP)’s share price traded up 2.4% on Wednesday . The stock traded as high as $2.22 and last traded at $2.15, with a volume of 443,166 shares trading hands. The stock had previously closed at $2.10.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Benchmark Co. lifted 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 report on Friday, May 6th. Drexel Hamilton restated a “buy” rating on shares of Internap Network Services Corp. in a report on Monday, June 6th. Finally, Craig Hallum upgraded shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.11.
The stock’s 50 day moving average price is $2.27 and its 200 day moving average price is $2.53. The company’s market cap is $111.93 million.
Internap Network Services Corp. (NASDAQ:INAP) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $74.30 million for the quarter, compared to analysts’ expectations of $76.61 million. During the same quarter in the previous year, the company posted ($0.20) EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts forecast that Internap Network Services Corp. will post ($0.49) earnings per share for the current year.
A hedge fund recently bought a new stake in Internap Network Services Corp. stock. Coe Capital Management LLC acquired a new stake in shares of Internap Network Services Corp. (NASDAQ:INAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 186,500 shares of the company’s stock, valued at approximately $1,194,000. Coe Capital Management LLC owned about 0.36% of Internap Network Services Corp. at the end of the most recent quarter.
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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