Internap (INAP) Getting Somewhat Positive Press Coverage, Study Shows

News headlines about Internap (NASDAQ:INAP) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Internap earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 46.4379124631154 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently commented on INAP. BidaskClub upgraded Internap from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Internap from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded Internap from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Finally, Stifel Nicolaus began coverage on Internap in a research note on Tuesday, July 17th. They set a “hold” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Internap has a consensus rating of “Hold” and a consensus target price of $19.00.

Shares of Internap stock traded down $0.19 during trading on Thursday, hitting $13.94. 18,065 shares of the stock traded hands, compared to its average volume of 293,262. The firm has a market cap of $305.76 million, a P/E ratio of -8.99 and a beta of 2.08. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of -126.72. Internap has a 52-week low of $8.88 and a 52-week high of $22.36.

Internap (NASDAQ:INAP) last announced its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.22. The firm had revenue of $81.96 million for the quarter, compared to analyst estimates of $81.76 million. Internap had a negative return on equity of 2,471.65% and a negative net margin of 15.52%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) earnings per share. analysts forecast that Internap will post -2.26 earnings per share for the current year.

In other news, CEO Peter D. Aquino purchased 4,470 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were purchased at an average price of $11.16 per share, for a total transaction of $49,885.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 7,270 shares of company stock worth $76,988. Insiders own 5.90% of the company’s stock.

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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Insider Buying and Selling by Quarter for Internap (NASDAQ:INAP)

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