-$0.51 EPS Expected for Internap Corp (INAP) This Quarter
Analysts expect Internap Corp (NASDAQ:INAP) to announce ($0.51) earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Internap’s earnings, with the highest EPS estimate coming in at ($0.40) and the lowest estimate coming in at ($0.61). Internap posted earnings of ($0.52) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to issue its next earnings report on Thursday, November 1st.
Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Internap.
Internap (NASDAQ:INAP) last released its earnings results on Thursday, August 2nd. The information technology services provider reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.22. Internap had a negative net margin of 15.52% and a negative return on equity of 2,471.65%. The business had revenue of $81.96 million for the quarter, compared to analysts’ expectations of $81.76 million. During the same period last year, the company earned ($0.24) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis.
INAP opened at $11.82 on Friday. The company has a debt-to-equity ratio of -126.72, a quick ratio of 0.62 and a current ratio of 0.62. Internap has a 1 year low of $8.88 and a 1 year high of $22.36. The company has a market capitalization of $255.68 million, a P/E ratio of -7.63 and a beta of 2.20.
Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Internap during the second quarter valued at approximately $126,000. Citadel Advisors LLC acquired a new position in Internap during the first quarter valued at approximately $169,000. Dynamic Technology Lab Private Ltd acquired a new position in Internap during the first quarter valued at approximately $188,000. Royal Bank of Canada lifted its position in Internap by 1,220.3% during the first quarter. Royal Bank of Canada now owns 17,666 shares of the information technology services provider’s stock valued at $194,000 after buying an additional 16,328 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Internap during the first quarter valued at approximately $202,000. 83.91% of the stock is currently owned by hedge funds and other institutional investors.
Internap Company Profile
Internap Corporation provides Internet infrastructure services. It operates through two business segments, INAP COLO and INAP CLOUD. The INAP COLO segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol (IP) connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.
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