Internap Corporation (NASDAQ:INAP) will be issuing its quarterly earnings data before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Shares of Internap Corporation (NASDAQ INAP) opened at 3.80 on Tuesday. The firm’s 50-day moving average price is $3.71 and its 200 day moving average price is $3.07. Internap Corporation has a 12-month low of $0.80 and a 12-month high of $4.26. The firm’s market cap is $244.53 million.
A number of equities analysts have issued reports on INAP shares. Zacks Investment Research upgraded Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Tuesday, May 16th. BidaskClub cut Internap Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $4.55.
In other news, insider Park West Asset Management Llc sold 2,250,000 shares of Internap Corporation stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $3.88, for a total transaction of $8,730,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter J. Rogers, Jr. acquired 15,280 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of $3.29 per share, for a total transaction of $50,271.20. Following the acquisition, the director now directly owns 67,306 shares in the company, valued at $221,436.74. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,482,700 shares of company stock worth $13,640,242. Company insiders own 5.83% of the company’s stock.
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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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