News articles about Internap Corporation (NASDAQ:INAP) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Internap Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 46.4517095074846 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

INAP has been the topic of a number of analyst reports. BidaskClub upgraded Internap Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. UBS AG upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating and set a $7.00 target price on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $5.31.

Internap Corporation (NASDAQ:INAP) traded down 3.55% during mid-day trading on Wednesday, reaching $4.35. The company’s stock had a trading volume of 385,468 shares. The firm’s 50 day moving average price is $4.25 and its 200 day moving average price is $3.55. The firm’s market capitalization is $345.86 million. Internap Corporation has a 52 week low of $0.80 and a 52 week high of $4.78.

Internap Corporation (NASDAQ:INAP) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $69.64 million during the quarter, compared to analyst estimates of $70.59 million. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned ($0.21) EPS. On average, analysts anticipate that Internap Corporation will post ($0.42) EPS for the current fiscal year.

In other news, major shareholder Park West Asset Management Llc sold 125,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $4.19, for a total value of $523,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 3,482,700 shares of company stock valued at $13,640,242. 5.83% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Internap Corporation (NASDAQ:INAP)

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