Internap (INAP) Scheduled to Post Earnings on Thursday

Internap (NASDAQ:INAP) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Internap to post earnings of ($0.51) per share for the quarter.

Internap (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.22. The business had revenue of $81.96 million for the quarter, compared to analyst estimates of $81.76 million. Internap had a negative return on equity of 2,471.65% and a negative net margin of 15.52%. Internap’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. On average, analysts expect Internap to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of INAP stock opened at $8.42 on Wednesday. The firm has a market cap of $188.21 million, a P/E ratio of -5.43 and a beta of 2.26. Internap has a twelve month low of $8.06 and a twelve month high of $19.00. The company has a debt-to-equity ratio of 72.60, a quick ratio of 0.62 and a current ratio of 0.62.

INAP has been the topic of a number of research reports. SunTrust Banks initiated coverage on Internap in a research report on Tuesday, September 18th. They set a “buy” rating and a $22.00 price objective on the stock. BidaskClub upgraded Internap from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered Internap from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus set a $13.00 price target on Internap and gave the company a “hold” rating in a research report on Friday, August 3rd. Finally, ValuEngine upgraded Internap from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Internap has an average rating of “Hold” and an average price target of $19.75.

Internap Company Profile

Internap Corporation provides Internet infrastructure services. It operates through two business segments, INAP COLO and INAP CLOUD. The INAP COLO segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol (IP) connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

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Earnings History for Internap (NASDAQ:INAP)

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