Media coverage about Internap (NASDAQ:INAP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Internap earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the information technology services provider an impact score of 45.9395311851405 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Internap (INAP) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- INAP to Release First Quarter 2018 Financial Results on May 3, 2018 (finance.yahoo.com)
- Pitching Stocks: Bitauto Holdings Limited (NYSE:BITA), Internap Corporation (NASDAQ:INAP) (thestreetpoint.com)
- $-0.60 EPS Expected for Internap Corporation (INAP) on May, 9 (styleonfleek365.com)
- Ubersmith Adds Customizable Invoices, Plug-In System to its Subscription Business Management Software Suite (finance.yahoo.com)
Several brokerages have weighed in on INAP. BidaskClub lowered shares of Internap from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Internap from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. ValuEngine lowered shares of Internap from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Finally, Benchmark restated a “buy” rating and set a $28.00 target price on shares of Internap in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Internap currently has an average rating of “Buy” and a consensus target price of $24.00.
Internap (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, March 8th. The information technology services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.27. Internap had a negative net margin of 16.15% and a negative return on equity of 271.76%. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $68.48 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. analysts forecast that Internap will post -1.91 EPS for the current fiscal year.
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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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