Internap Network Services Corp. (INAP) Trading 3.2% Higher
Internap Network Services Corp. (NASDAQ:INAP) shares traded up 3.2% during trading on Friday . The company traded as high as $2.24 and last traded at $2.23, with a volume of 113,371 shares. The stock had previously closed at $2.16.
A number of research analysts have commented on the stock. Craig Hallum upgraded 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. Drexel Hamilton set a $5.00 target price on shares of Internap Network Services Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research cut shares of Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, 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 research note on Friday, May 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.11.
The firm’s 50 day moving average price is $2.28 and its 200 day moving average price is $2.42. The company’s market capitalization is $114.02 million.
Internap Network Services Corp. (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. During the same period last year, the firm posted ($0.20) earnings per share. The company had revenue of $74.30 million for the quarter, compared to analyst estimates of $76.61 million. Internap Network Services Corp.’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts expect that Internap Network Services Corp. will post ($0.49) EPS for the current 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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