Media coverage about Internap (NASDAQ:INAP) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Internap earned a news impact score of 0.04 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 46.2458698916793 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- -$0.56 EPS Expected for Internap Corp (INAP) This Quarter (americanbankingnews.com)
- Internap Corp (INAP) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- What Can Internap Corporation (NasdaqGS:INAP)’s Quant Signals Tell Us About the Shares? – Collins Courier (collinscourier.com)
- Georgia’s best and worst stocks of 2017 (Slideshow) – Atlanta Business Chronicle (bizjournals.com)
- Internap (INAP) Downgraded by BidaskClub (americanbankingnews.com)
A number of research analysts have issued reports on the company. BidaskClub upgraded Internap from a “sell” rating to a “hold” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded Internap from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, October 4th. ValuEngine upgraded Internap from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Benchmark reiterated a “buy” rating and set a $24.00 price objective (up previously from $20.00) on shares of Internap in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.25.
Shares of Internap (INAP) traded up $0.03 during trading hours on Friday, reaching $15.28. The company’s stock had a trading volume of 72,078 shares, compared to its average volume of 131,978. The stock has a market capitalization of $317.90, a PE ratio of -5.03 and a beta of 1.92. Internap has a 1-year low of $6.28 and a 1-year high of $22.36. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 107.36.
Internap (NASDAQ:INAP) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.16). Internap had a negative net margin of 18.09% and a negative return on equity of 282.42%. The company had revenue of $68.91 million for the quarter, compared to analysts’ expectations of $69.10 million. During the same quarter in the previous year, the firm posted ($7.00) EPS. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. sell-side analysts predict that Internap will post -2.44 EPS for the current fiscal year.
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Internap Corporation is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.
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