Internap Corp (INAP) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 5.50 from a previous price target of $5 . The Benchmark Company advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Internap Corp. Internap Corp was Downgraded by Craig Hallum to ” Hold” on Feb 19, 2016. Shares were Reiterated by The Benchmark Company on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 7.50 from a previous price target of $10 .
On the company’s financial health, Internap Corp reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.22. The company had revenue of $75.92 million for the quarter, compared to analysts expectations of $77.34 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.17 EPS.
Internap Corp closed down -0.01 points or -0.50% at $1.99 with 10,78,321 shares getting traded on Friday. Post opening the session at $2.12, the shares hit an intraday low of $1.81 and an intraday high of $2.545 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 24, 2016, Michael Ruffolo (CEO) purchased 25,000 shares at $2.15 per share price. According to the SEC, on Feb 24, 2016, Kevin M Dotts (CFO) purchased 24,000 shares at $2.08 per share price. On Feb 24, 2016, Debora J Wilson (director) purchased 100,000 shares at $2.14 per share price, according to the Form-4 filing with the securities and exchange commission.
Internap Corporation formerly InterNAP Network Services Corporation provides Internet infrastructure services. The Company operates through two business segments: Data Center Services segment and Internet Protocol Services segment. Data Center Services segment includes colocation hosting and cloud services. Internet Protocol (IP) Services segment includes its patented Performance IP service content delivery network (CDN) services and IP routing hardware and software platform. It provides hybrid Internet infrastructure services which enables customers to mix and match cloud hosting and colocation for the combination of services. The Company offers its services to industries including software and Internet which include advertising technology; media and entertainment including gaming; business services; hosting and information technology (IT) infrastructure; health care technology infrastructure and telecommunications.