Benchmark Co. Lowers InterNAP Network Services Corp. Price Target to $11.00 (INAP)
Equities research analysts at Benchmark Co. dropped their price target on shares of InterNAP Network Services Corp. (NASDAQ:INAP) from $12.00 to $11.00 in a research note issued to investors on Thursday. Benchmark Co.’s price target would indicate a potential upside of 53.63% from the stock’s previous close.
InterNAP Network Services Corp. (NASDAQ:INAP) traded down 0.69% during mid-day trading on Thursday, hitting $7.16. 170,175 shares of the company’s stock traded hands. InterNAP Network Services Corp. has a 1-year low of $6.27 and a 1-year high of $8.50. The stock has a 50-day moving average of $6.89 and a 200-day moving average of $7.23. The company’s market cap is $365.5 million.
InterNAP Network Services Corp. (NASDAQ:INAP) last released its earnings data on Tuesday, July 29th. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.03. The company had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.60 million. During the same quarter last year, the company posted ($0.03) earnings per share. InterNAP Network Services Corp.’s revenue was up 20.1% compared to the same quarter last year. Analysts expect that InterNAP Network Services Corp. will post $-0.54 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company upgraded shares of InterNAP Network Services Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $7.50. Analysts at Zacks downgraded shares of InterNAP Network Services Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $6.10 price target on the stock. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. InterNAP Network Services Corp. presently has a consensus rating of “Buy” and an average price target of $9.27.
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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