InterNAP Network Services Corp. (INAP) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
InterNAP Network Services Corp. (NASDAQ:INAP) announced its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.01, American Banking & Market News reports. The company had revenue of $69.60 million for the quarter, compared to the consensus estimate of $70.31 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at DA Davidson initiated coverage on shares of InterNAP Network Services Corp. in a research note to investors on Wednesday, October 16th. They set a “buy” rating and a $9.00 price target on the stock. Analysts at Benchmark Co. reiterated a “buy” rating on shares of InterNAP Network Services Corp. in a research note to investors on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.50.
Shares of InterNAP Network Services Corp. (NASDAQ:INAP) traded down 1.03% during mid-day trading on Thursday, hitting $6.74. 1,030,397 shares of the company’s stock traded hands. InterNAP Network Services Corp. has a 1-year low of $7.16 and a 1-year high of $9.60. The stock’s 50-day moving average is $7.67 and its 200-day moving average is $8.23. The company’s market cap is $342.8 million.
InterNAP Network Services Corporation provides Internet connectivity solutions. The Company offers route control technology and IP solutions for business-critical applications such as e-commerce, video and audio streaming, voice-over Internet protocol (NASDAQ:INAP), virtual private networks and supply chain management.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.