Internap Corporation (INAP) Earns Daily Coverage Optimism Score of 0.13
News coverage about Internap Corporation (NASDAQ:INAP) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news 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 0.13 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 46.0810072903539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Kuwait- Preparations in place for new school year – MoI (menafn.com)
- Scosche® Unveils New VentMount™ Qi Wireless Charging Universal Vent Mount – Scosche (menafn.com)
- BRIEF-Internap Corp expands Dallas Data Center to meet increased demand for servicesa (INAP) (lightwaveonline.com)
- INAP Announces Further Expansion of its Dallas Data Center to Meet Growing Demand (finance.yahoo.com)
- Analysts Anticipate Internap Corporation (INAP) Will Announce Quarterly Sales of $68.93 Million (americanbankingnews.com)
Internap Corporation (NASDAQ:INAP) traded up 1.37% on Tuesday, hitting $4.45. The company had a trading volume of 763,861 shares. Internap Corporation has a 12-month low of $0.80 and a 12-month high of $4.78. The firm’s market capitalization is $353.81 million. The firm has a 50-day moving average price of $4.27 and a 200-day moving average price of $3.60.
Internap Corporation (NASDAQ:INAP) last released its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the 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 net margin of 45.52% and a negative return on equity of 234.35%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned ($0.21) earnings per share. On average, equities research analysts anticipate that Internap Corporation will post ($0.42) earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. UBS AG raised Internap Corporation from an “outperform” rating to a “strong-buy” rating in a report on Friday, August 4th. Raymond James Financial, Inc. raised Internap Corporation from an “outperform” rating to a “strong-buy” rating and set a $7.00 price target for the company in a report on Friday, August 4th. BidaskClub raised Internap Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.31.
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In related news, insider Park West Asset Management Llc sold 2,250,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $3.88, for a total value of $8,730,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 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.
Internap Corporation Company Profile
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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