InterNAP Network Services Corp. Shares Up 4.3% After Insider Buying Activity (INAP)
InterNAP Network Services Corp. (NASDAQ:INAP) shot up 4.3% on Thursday after an insider bought additional shares in the company, Stock Ratings Network.com reports. The company traded as high as $7.26 and last traded at $7.25, with a volume of 139,901 shares trading hands. The stock had previously closed at $6.95.
Specifically, Director Charles B. Coe purchased 12,000 shares of InterNAP Network Services Corp. stock on the open market in a transaction that occurred on Monday, June 16th. The shares were purchased at an average cost of $6.86 per share, with a total value of $82,320.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The stock has a 50-day moving average of $7.02 and a 200-day moving average of $7.32. The company’s market cap is $365.9 million.
InterNAP Network Services Corp. (NASDAQ:INAP) last announced its earnings results on Thursday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.07. The company had revenue of $81.90 million for the quarter, compared to the consensus estimate of $83.03 million. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts predict that InterNAP Network Services Corp. will post $-0.52 earnings per share for the current fiscal year.
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.
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