Somewhat Negative Media Coverage Somewhat Unlikely to Impact Internap (INAP) Share Price
News headlines about Internap (NASDAQ:INAP) have been trending somewhat negative on Sunday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news 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 earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 46.8511343921035 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- ETFs with exposure to Internap Corp. : November 9, 2017 (finance.yahoo.com)
- Internap Corp. breached its 50 day moving average in a Bullish Manner : INAP-US : November 8, 2017 (finance.yahoo.com)
- Momentum Stocks in Focus: Internap Corporation, (NASDAQ: INAP), Reata Pharmaceuticals, Inc., (NASDAQ: RETA … – Stocks In The News (press release) (tradingnewsnow.com)
- Internap Corp. :INAP-US: Earnings Analysis: Q3, 2017 By the Numbers : November 8, 2017 (finance.yahoo.com)
INAP has been the topic of a number of recent research reports. BidaskClub cut shares of Internap from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. UBS AG upgraded shares of Internap from an “outperform” rating to a “strong-buy” rating in a report on Friday, August 4th. Raymond James Financial, Inc. raised Internap from an “outperform” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research note on Friday, August 4th. Benchmark Co. reaffirmed a “buy” rating and issued a $6.00 price target (up previously from $5.00) on shares of Internap in a research note on Monday, September 25th. Finally, Zacks Investment Research raised Internap from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $5.81.
Internap (NASDAQ INAP) traded down $0.10 on Friday, hitting $3.63. The stock had a trading volume of 1,538,500 shares, compared to its average volume of 780,620. 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 has a 12-month low of $0.80 and a 12-month high of $5.59.
Internap shares are set to reverse split on the morning of Monday, November 20th. The 1-4 reverse split was announced on Thursday, November 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 17th.
Internap (NASDAQ:INAP) last released its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The business had revenue of $68.91 million during the quarter, compared to the consensus estimate of $69.10 million. Internap had a negative return on equity of 788.87% and a negative net margin of 17.39%. Internap’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.75) earnings per share.
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Internap 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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