Internap Network Services Corp. (INAP) Trading 4% Higher
Internap Network Services Corp. (NASDAQ:INAP) traded up 4% on Thursday . The company 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.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Wednesday, May 11th. Drexel Hamilton reissued a “buy” rating on shares of Internap Network Services Corp. in a research report on Monday, June 6th. Finally, Benchmark Co. lifted their target price on Internap Network Services Corp. from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.64.
The stock’s 50-day moving average price is $2.32 and its 200-day moving average price is $2.58. The stock’s market capitalization is $120.63 million.
Internap Network Services Corp. (NASDAQ:INAP) last issued its earnings results on Thursday, August 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $74.30 million for 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. During the same quarter last year, the firm posted ($0.20) earnings per share. On average, equities analysts forecast 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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