Internap Network Services Corp Q2 2017 Institutional Investor Sentiment Better Than Expected

November 14, 2017 - By Michael Collier

 Internap Network Services Corp  Q2 2017 Institutional Investor Sentiment  Better Than Expected

Sentiment for Internap Network Services Corp (NASDAQ:INAP)

Internap Network Services Corp (NASDAQ:INAP) institutional sentiment increased to 1.5 in Q2 2017. Its up 0.11, from 1.39 in 2017Q1. The ratio improved, as 60 funds started new or increased holdings, while 40 cut down and sold their equity positions in Internap Network Services Corp. The funds in our partner’s database now own: 69.42 million shares, up from 57.58 million shares in 2017Q1. Also, the number of funds holding Internap Network Services Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 24 Increased: 25 New Position: 35.

Internap Corporation is a technology well-known provider of Internet infrastructure. The company has market cap of $308.52 million. The Firm provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. It currently has negative earnings. The Firm operates through two divisions: Data Center and Network Services, and Cloud and Hosting Services.

About 368,084 shares traded. Internap Corp (NASDAQ:INAP) has risen 55.77% since November 14, 2016 and is uptrending. It has outperformed by 39.07% the S&P500.

Wall Street await Internap Corp (NASDAQ:INAP) to release earnings on March, 8. Analysts forecast earnings per share of $-0.10, up exactly $0.02 or 16.67 % from 2014’s $-0.12 EPS. After posting $-0.14 EPS for the previous quarter, Internap Corp’s analysts now forecast -28.57 % EPS growth.

Avenir Corp holds 2.65% of its portfolio in Internap Corp for 8.19 million shares. Park West Asset Management Llc owns 11.69 million shares or 2.38% of their US portfolio. Moreover, Eidelman Virant Capital has 0.71% invested in the company for 336,468 shares. The New York-based Teton Advisors Inc. has invested 0.5% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 557,080 shares.#img1#

Since January 1, 0001, it had 1 buy, and 0 sales for $50,314 activity.

Internap Corp (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 74.32% above today’s ($3.7) share price. INAP was included in 18 notes of analysts from August 22, 2015. The company was downgraded on Friday, September 25 by Oppenheimer. Stifel Nicolaus upgraded Internap Corp (NASDAQ:INAP) on Friday, March 10 to “Buy” rating. On Saturday, August 22 the stock rating was downgraded by TheStreet to “Hold”. The rating was initiated by Suntrust Robinson with “Neutral” on Tuesday, November 24. Benchmark maintained it with “Buy” rating and $10 target in Friday, November 6 report. Stifel Nicolaus maintained Internap Corp (NASDAQ:INAP) on Friday, August 4 with “Buy” rating. The stock of Internap Corp (NASDAQ:INAP) has “Neutral” rating given on Friday, September 25 by DA Davidson. The company was maintained on Friday, May 6 by Benchmark. Stifel Nicolaus maintained Internap Corp (NASDAQ:INAP) on Wednesday, September 13 with “Buy” rating. The company was upgraded on Friday, August 4 by Raymond James.

More news for Internap Corp (NASDAQ:INAP) were recently published by: Marketwatch.com, which released: “3.73” on December 21, 2009. Quotes.Wsj.com‘s article titled: “InterNAP Corp.” and published on February 11, 2011 is yet another important article.

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