InterNAP Network Services Rating Increased to Neutral at Zacks (INAP)
InterNAP Network Services (NASDAQ:INAP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $7.00 price target on the stock. Zacks‘s price target suggests a potential upside of 2.49% from the stock’s previous close.
A number of other analysts have also recently weighed in on INAP. Analysts at Benchmark Co. cut their price target on shares of InterNAP Network Services from $12.00 to $11.00 in a research note on Thursday, July 31st. Analysts at Cowen and Company upgraded shares of InterNAP Network Services from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, up previously from $7.50. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.45.
InterNAP Network Services (NASDAQ:INAP) traded down 1.39% during mid-day trading on Monday, hitting $6.735. The stock had a trading volume of 58,187 shares. InterNAP Network Services has a one year low of $6.27 and a one year high of $8.50. The stock’s 50-day moving average is $6.86 and its 200-day moving average is $7.14. The company’s market cap is $343.8 million.
InterNAP Network Services (NASDAQ:INAP) last posted its quarterly earnings results 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’s revenue was up 20.1% compared to the same quarter last year. Analysts expect that InterNAP Network Services will post $-0.57 EPS for the current fiscal year.
Internap Network Services Corporation (NASDAQ:INAP) provides intelligent information technology (IT) Infrastructure services that combine performance and platform flexibility.
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