Is Internap Corporation (INAP) a Buy? The Stock Rises Again

February 15, 2018 - By Peter Erickson

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.43, from 1.5 in 2017Q2. It dived, as 14 investors sold Internap Corporation shares while 32 reduced holdings. 19 funds opened positions while 30 raised stakes. 72.36 million shares or 4.24% more from 69.42 million shares in 2017Q2 were reported.
Jefferies Group Lc holds 0% in Internap Corporation (NASDAQ:INAP) or 71,054 shares. Us Natl Bank De has 3 shares for 0% of their portfolio. Cannell Cap Limited Co has 1.80 million shares for 2.3% of their portfolio. Barclays Public Ltd Com holds 10,437 shares or 0% of its portfolio. Focused Wealth Mngmt invested 0% of its portfolio in Internap Corporation (NASDAQ:INAP). Cornerstone Mgmt Ltd Liability reported 92,300 shares stake. Gabelli Invest Advisers reported 100,000 shares. Gabelli Funds Ltd Limited Liability Company holds 8.78 million shares or 0.22% of its portfolio. Manufacturers Life Com The holds 0% or 64,484 shares in its portfolio. Schwab Charles Invest Mngmt stated it has 415,990 shares. Gamco Incorporated Et Al holds 0.2% in Internap Corporation (NASDAQ:INAP) or 7.41 million shares. Pub Employees Retirement Association Of Colorado has 25,648 shares. Deutsche Commercial Bank Ag holds 0% or 559,006 shares. Citadel Advisors Limited Liability Company holds 0% of its portfolio in Internap Corporation (NASDAQ:INAP) for 40,606 shares. Boothbay Fund Ltd Liability Company owns 87,137 shares.

The stock of Internap Corporation (NASDAQ:INAP) is a huge mover today! The stock increased 6.41% or $0.76 during the last trading session, reaching $12.61. About 335,587 shares traded or 23.38% up from the average. Internap Corporation (NASDAQ:INAP) has risen 55.77% since February 15, 2017 and is uptrending. It has outperformed by 39.07% the S&P500.
The move comes after 8 months positive chart setup for the $248.54 million company. It was reported on Feb, 15 by Barchart.com. We have $13.74 PT which if reached, will make NASDAQ:INAP worth $22.37M more.

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.

Internap Corporation (NASDAQ:INAP) Ratings Coverage

Among 10 analysts covering Internap Corp (NASDAQ:INAP), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Internap Corp had 18 analyst reports since August 22, 2015 according to SRatingsIntel. Oppenheimer downgraded the stock to “Perform” rating in Friday, September 25 report. The stock of Internap Corporation (NASDAQ:INAP) earned “Hold” rating by Craig Hallum on Friday, February 19. Benchmark maintained the stock with “Buy” rating in Friday, May 6 report. The rating was downgraded by DA Davidson to “Neutral” on Friday, September 25. The firm earned “Strong Buy” rating on Friday, August 4 by Raymond James. The rating was upgraded by Stifel Nicolaus on Friday, March 10 to “Buy”. The rating was initiated by SunTrust on Tuesday, November 24 with “Neutral”. The company was downgraded on Saturday, August 22 by TheStreet. Wells Fargo downgraded Internap Corporation (NASDAQ:INAP) on Friday, September 25 to “Market Perform” rating. On Friday, November 6 the stock rating was maintained by Benchmark with “Buy”.

More important recent Internap Corporation (NASDAQ:INAP) news were published by: Streetinsider.com which released: “Internap Network Services (INAP) Reports Acquisition of SingleHop LLC for $132M” on January 29, 2018, also Bizjournals.com published article titled: “Georgia’s best and worst stocks of 2017 (Slideshow)”, Seekingalpha.com published: “Internap Corporation’s (INAP) CEO Pete Aquino on Q3 2017 Results – Earnings …” on November 02, 2017. More interesting news about Internap Corporation (NASDAQ:INAP) was released by: Streetinsider.com and their article: “Form 8-K Internap Corp For: Jan 31” with publication date: January 31, 2018.

Internap Corporation operates as a technology well-known provider of Internet infrastructure services. The company has market cap of $248.54 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.

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