Internap Corp (INAP) Expected to Post Earnings of -$0.56 Per Share

Wall Street brokerages predict that Internap Corp (NASDAQ:INAP) will announce ($0.56) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Internap’s earnings. Internap posted earnings of ($0.44) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 27.3%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, March 8th.

Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Internap.

INAP has been the topic of several analyst reports. ValuEngine raised shares of Internap from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub cut shares of Internap from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research cut shares of Internap from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Internap in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.25.

A number of large investors have recently modified their holdings of INAP. Emerald Advisers Inc. PA acquired a new stake in Internap in the third quarter valued at approximately $8,100,000. Emerald Mutual Fund Advisers Trust raised its holdings in Internap by 185.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,957,710 shares of the information technology services provider’s stock valued at $8,516,000 after acquiring an additional 1,272,692 shares in the last quarter. State Street Corp raised its holdings in Internap by 2,861.4% in the second quarter. State Street Corp now owns 1,224,423 shares of the information technology services provider’s stock valued at $4,493,000 after acquiring an additional 1,183,077 shares in the last quarter. Northern Trust Corp raised its holdings in Internap by 488.3% in the second quarter. Northern Trust Corp now owns 913,121 shares of the information technology services provider’s stock valued at $3,351,000 after acquiring an additional 757,898 shares in the last quarter. Finally, EAM Investors LLC raised its holdings in Internap by 182.9% in the third quarter. EAM Investors LLC now owns 1,161,840 shares of the information technology services provider’s stock valued at $5,054,000 after acquiring an additional 751,131 shares in the last quarter.

Internap (NASDAQ:INAP) opened at $12.64 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 107.36. Internap has a 12 month low of $6.96 and a 12 month high of $22.36.

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Internap 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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