Internap Network Services Corp. (INAP) Shares Up 3.1%
Shares of Internap Network Services Corp. (NASDAQ:INAP) shot up 3.1% on Friday . The stock traded as high as $2.33 and last traded at $2.32, with a volume of 109,465 shares trading hands. The stock had previously closed at $2.25.
Several research firms have recently weighed in on INAP. 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. Drexel Hamilton reaffirmed a “buy” rating on shares of Internap Network Services Corp. in a research note on Monday, June 6th. Benchmark Co. lifted their price target 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. Finally, Craig Hallum raised shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Monday, August 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.11.
The stock’s 50-day moving average is $2.27 and its 200 day moving average is $2.46. The firm’s market cap is $119.74 million.
Internap Network Services Corp. (NASDAQ:INAP) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.02. The firm had revenue of $74.30 million for the quarter, compared to analyst estimates of $76.61 million. During the same period last year, the business posted ($0.20) earnings per share. Internap Network Services Corp.’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities research analysts predict that Internap Network Services Corp. will post ($0.49) EPS for the current year.
A hedge fund recently bought a new stake in Internap Network Services Corp. stock. Coe Capital Management LLC purchased 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 Securities and Exchange Commission (SEC). The fund purchased 186,500 shares of the company’s stock, valued at approximately $1,194,000. Coe Capital Management LLC owned 0.36% of Internap Network Services Corp. at the end of the most recent reporting period.
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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