-$0.14 EPS Expected for Internap Corporation (INAP) This Quarter

Analysts expect that Internap Corporation (NASDAQ:INAP) will post earnings per share (EPS) of ($0.14) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Internap Corporation’s earnings. Internap Corporation posted earnings per share of ($0.11) during the same quarter last year, which would indicate a negative year-over-year growth rate of 27.3%. The company is expected to announce its next earnings report on Thursday, March 8th.

Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Internap Corporation.

Internap Corporation (NASDAQ:INAP) last posted its earnings results on Thursday, November 2nd. The information technology services provider reported ($0.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.16). The firm had revenue of $68.91 million for the quarter, compared to the consensus estimate of $69.10 million. Internap Corporation had a negative return on equity of 282.42% and a negative net margin of 18.09%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted ($7.00) EPS.

INAP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Internap Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, October 4th. Benchmark Co. reissued a “buy” rating and issued a $24.00 price target (up previously from $20.00) on shares of Internap Corporation in a report on Monday, September 25th. BidaskClub raised shares of Internap Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Raymond James Financial, Inc. raised shares of Internap Corporation from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Friday, August 4th. Finally, UBS AG raised shares of Internap Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Internap Corporation has an average rating of “Buy” and a consensus target price of $23.25.

Internap Corporation (NASDAQ:INAP) traded up $0.11 during trading on Tuesday, reaching $4.15. 790,600 shares of the company were exchanged, compared to its average volume of 882,055. The company has a debt-to-equity ratio of 107.36, a quick ratio of 0.69 and a current ratio of 0.69. Internap Corporation has a twelve month low of $0.80 and a twelve month high of $5.59.

Institutional investors have recently made changes to their positions in the company. KCG Holdings Inc. boosted its stake in shares of Internap Corporation by 85.5% in the 1st quarter. KCG Holdings Inc. now owns 27,373 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 12,620 shares in the last quarter. Gotham Asset Management LLC boosted its position in Internap Corporation by 173.1% during the 2nd quarter. Gotham Asset Management LLC now owns 27,952 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 17,717 shares during the period. Voya Investment Management LLC purchased a new stake in Internap Corporation during the 2nd quarter valued at $133,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Internap Corporation during the 2nd quarter valued at $158,000. Finally, Symphony Asset Management LLC purchased a new stake in Internap Corporation during the 2nd quarter valued at $159,000. 88.87% of the stock is owned by institutional investors.

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Internap Corporation Company Profile

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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Earnings History and Estimates for Internap Corporation (NASDAQ:INAP)

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