Somewhat Positive Press Coverage Somewhat Unlikely to Impact Internap Corporation (INAP) Stock Price
News coverage about Internap Corporation (NASDAQ:INAP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Internap Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 46.3956698344342 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Internap Corporation (NASDAQ:INAP) Stock Closed 5.0% Above Its 50 Day Moving Average – Highlight Press (highlightpress.com)
- Internap Corporation (NASDAQ:INAP) Stock Closed Higher Than Its 50 Day Average – Modern Readers (modernreaders.com)
- Internap Corporation (Nasdaq: INAP) to Ring The Nasdaq Stock Market Closing Bell – Nasdaq (nasdaq.com)
- Internap Corp (INAP) Share Performance Recap – Evergreen Caller (evergreencaller.com)
Shares of Internap Corporation (INAP) traded up 0.90% during midday trading on Thursday, hitting $4.47. The stock had a trading volume of 385,561 shares. Internap Corporation has a 52 week low of $0.80 and a 52 week high of $4.78. The stock has a 50-day moving average of $4.16 and a 200 day moving average of $3.40. The stock’s market cap is $355.40 million.
Internap Corporation (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.01. Internap Corporation had a negative net margin of 45.52% and a negative return on equity of 234.35%. The firm had revenue of $69.64 million during the quarter, compared to analyst estimates of $70.59 million. During the same period last year, the firm earned ($0.21) EPS. Internap Corporation’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Internap Corporation will post ($0.42) EPS for the current fiscal year.
A number of equities research analysts have recently commented on INAP shares. Zacks Investment Research upgraded Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research report on Tuesday, May 16th. BidaskClub upgraded Internap Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. UBS AG upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Raymond James Financial, Inc. upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating and set a $7.00 price objective for the company in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.31.
In related news, insider Park West Asset Management Llc sold 2,250,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $3.88, for a total value of $8,730,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 3,482,700 shares of company stock worth $13,640,242 over the last ninety days. 5.83% of the stock is currently owned by insiders.
About Internap Corporation
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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