Internap Network Services Corp (NASDAQ:INAP) Quarterly Sentiment Report

January 4, 2018 - By Winifred Garcia

 Internap Network Services Corp (NASDAQ:INAP) Quarterly Sentiment Report

Sentiment for Internap Network Services Corp (NASDAQ:INAP)

Internap Network Services Corp (NASDAQ:INAP) institutional sentiment decreased to 1.07 in Q3 2017. Its down -0.43, from 1.5 in 2017Q2. The ratio turned negative, as 49 investment professionals increased and started new holdings, while 46 reduced and sold positions in Internap Network Services Corp. The investment professionals in our partner’s database now have: 72.36 million shares, up from 69.42 million shares in 2017Q2. Also, the number of investment professionals holding Internap Network Services Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 32 Increased: 30 New Position: 19.

Internap Corporation operates as a technology well-known provider of Internet infrastructure services. The company has market cap of $303.54 million. It operates through two business divisions, Data Center and Network Services, and Cloud and Hosting Services. It currently has negative earnings. The Data Center and Network Services 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 connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

The stock decreased 0.26% or $0.04 during the last trading session, reaching $15.4. About 190,202 shares traded. Internap Corporation (NASDAQ:INAP) has risen 55.77% since January 4, 2017 and is uptrending. It has outperformed by 39.07% the S&P500.

Analysts await Internap Corporation (NASDAQ:INAP) to report earnings on March, 8. They expect $-0.60 earnings per share, down 25.00 % or $0.12 from last year’s $-0.48 per share. After $-0.56 actual earnings per share reported by Internap Corporation for the previous quarter, Wall Street now forecasts 7.14 % negative EPS growth.

Avenir Corp holds 2.9% of its portfolio in Internap Corporation for 7.76 million shares. Cannell Capital Llc owns 1.80 million shares or 2.3% of their US portfolio. Moreover, Park West Asset Management Llc has 2.06% invested in the company for 7.93 million shares. The California-based Eam Investors Llc has invested 0.67% in the stock. Teton Advisors Inc., a New York-based fund reported 1.40 million shares.#img1#

Internap Corporation (NASDAQ:INAP) Ratings Coverage

Ratings analysis reveals 40% of Internap Corp’s analysts are positive. Out of 10 Wall Street analysts rating Internap Corp, 4 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $3 while the high is $10. The stock’s average target of $6.45 is -58.12% below today’s ($15.4) share price. INAP was included in 18 notes of analysts from August 22, 2015. Stifel Nicolaus upgraded Internap Corporation (NASDAQ:INAP) rating on Friday, March 10. Stifel Nicolaus has “Buy” rating and $5.50 target. The stock of Internap Corporation (NASDAQ:INAP) has “Neutral” rating given on Friday, September 25 by DA Davidson. The stock of Internap Corporation (NASDAQ:INAP) has “Perform” rating given on Friday, September 25 by Oppenheimer. The company was upgraded on Friday, August 4 by Raymond James. The stock of Internap Corporation (NASDAQ:INAP) has “Buy” rating given on Friday, August 4 by Stifel Nicolaus. The rating was initiated by SunTrust on Tuesday, November 24 with “Neutral”. Benchmark maintained the stock with “Buy” rating in Friday, November 6 report. The firm has “Hold” rating given on Saturday, August 22 by TheStreet. The company was maintained on Friday, May 6 by Benchmark. The firm earned “Neutral” rating on Tuesday, November 24 by Suntrust Robinson.

More notable recent Internap Corporation (NASDAQ:INAP) news were published by: Prnewswire.com which released: “Internap Corporation Raises $43 Million in Common Equity Private Placement” on February 22, 2017, also Globenewswire.com with their article: “Leading US Developer of Casual and Social Online Games Selects INAP for Multi …” published on November 28, 2017, Seekingalpha.com published: “Internap Corporation’s (INAP) CEO Pete Aquino on Q2 2017 Results – Earnings …” on August 05, 2017. More interesting news about Internap Corporation (NASDAQ:INAP) were released by: Seekingalpha.com and their article: “Internap Corporation’s (INAP) CEO Pete Aquino on Q3 2017 Results – Earnings …” published on November 02, 2017 as well as Seekingalpha.com‘s news article titled: “Internap’s (INAP) CEO Peter Aquino on Q1 2017 Results – Earnings Call Transcript” with publication date: May 09, 2017.

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