Internap (INAP) Cut to Sell at BidaskClub
Internap (NASDAQ:INAP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday.
Other equities analysts have also issued research reports about the company. Benchmark reiterated a “buy” rating and issued a $28.00 price target on shares of Internap in a research note on Tuesday, January 30th. ValuEngine raised Internap from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised Internap from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Internap has an average rating of “Buy” and an average target price of $24.25.
Internap (INAP) opened at $13.81 on Monday. Internap has a 52 week low of $6.48 and a 52 week 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. The stock has a market capitalization of $287.78, a price-to-earnings ratio of -4.56 and a beta of 1.84.
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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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