News articles about Internap (NASDAQ:INAP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Internap earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 44.8513320546459 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Ubersmith Announces Expanded Agreement with Namecheap (finance.yahoo.com)
- $-0.60 EPS Expected for Internap (INAP); Ames National (ATLO) Has 1.57 Sentiment (mtastar.com)
- Technology Stock in the Spotlight: Internap Corporation (INAP) (stocksgeeks.com)
- Global Hosting Infrastructure Services Market 2018 – IBM Global Services, Internap, Level 3 Communications … (military-technologies.net)
- Internap (INAP) Cut to Strong Sell at ValuEngine (americanbankingnews.com)
Several brokerages have recently commented on INAP. ValuEngine lowered Internap from a “sell” rating to a “strong sell” rating in a research note on Monday. BidaskClub upgraded Internap from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Internap from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, March 14th. Finally, Benchmark restated a “buy” rating and set a $28.00 price target on shares of Internap in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.00.
Internap (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, March 8th. The information technology services provider reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.27. Internap had a negative return on equity of 271.76% and a negative net margin of 16.15%. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $68.48 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. analysts anticipate that Internap will post -1.91 EPS for the current year.
Internap Company Profile
Internap Corporation is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.
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