Internap Network Services Corp. (INAP) Sees Unusually-High Trading Volume
Internap Network Services Corp. (NASDAQ:INAP) shares saw unusually-strong trading volume on Wednesday . Approximately 512,180 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 372,332 shares.The stock last traded at $2.23 and had previously closed at $2.16.
A number of equities research analysts recently weighed in on INAP shares. Drexel Hamilton set a $5.00 price objective on shares of Internap Network Services Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Craig Hallum upgraded shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, May 11th. Finally, Benchmark Co. boosted their price target on shares of Internap Network Services Corp. from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Friday, May 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Internap Network Services Corp. currently has an average rating of “Hold” and an average price target of $6.11.
The company’s market cap is $124.43 million. The firm has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.39.
Internap Network Services Corp. (NASDAQ:INAP) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.02. During the same quarter in the prior year, the firm earned ($0.20) EPS. The company earned $74.30 million during the quarter, compared to the consensus estimate of $76.61 million. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, 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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