Internap Network Services Corp. (INAP) Stock Price Up 3%
Internap Network Services Corp. (NASDAQ:INAP) shares rose 3% on Friday . The stock traded as high as $2.44 and last traded at $2.38, with a volume of 111,231 shares traded. The stock had previously closed at $2.31.
A number of research analysts have commented on INAP shares. Drexel Hamilton set a $5.00 price target on shares of Internap Network Services Corp. and gave the company a “buy” rating in a research report 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 report on Monday, August 8th. Finally, Zacks Investment Research cut shares of Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Internap Network Services Corp. presently has a consensus rating of “Hold” and an average target price of $6.11.
The company’s market capitalization is $124.43 million. The firm’s 50 day moving average price is $2.27 and its 200-day moving average price is $2.39.
Internap Network Services Corp. (NASDAQ:INAP) last posted 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 previous year, the company posted ($0.20) earnings per share. The company earned $74.30 million during the quarter, compared to the consensus estimate of $76.61 million. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts forecast 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.