Internap Corporation Company Profile (NASDAQ:INAP)

About Internap Corporation (NASDAQ:INAP)

Internap Corporation logoInternap 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. Its Data Center and Network Services segment consists of colocation and Internet Protocol (IP) connectivity services. Colocation involves providing physical space within data centers and associated services, such as power, interconnection, environmental controls, monitoring and security while allowing its customers to deploy and manage their servers, storage and other equipment in its secure data centers. Its cloud and hosting services segment consists of hosted Infrastructure-as-a-Service as a cloud platform or through managed hosting. For both Infrastructure-as-a-Service options, the Company provides and maintains the hardware, data center infrastructure and interconnection.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: IT Services & Consulting - NEC
  • Sub-Industry: Internet Software & Services
  • Symbol: NASDAQ:INAP
  • CUSIP: 45885A30
  • Web: www.internap.com
Capitalization:
  • Market Cap: $330.13 million
  • Outstanding Shares: 82,122,000
Average Prices:
  • 50 Day Moving Avg: $3.64
  • 200 Day Moving Avg: $2.99
  • 52 Week Range: $0.80 - $4.26
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -16.74
  • P/E Growth: -4.78
Sales & Book Value:
  • Annual Revenue: $294.51 million
  • Price / Sales: 1.07
  • Book Value: $0.46 per share
  • Price / Book: 8.37
Profitability:
  • EBIDTA: $65.45 million
  • Net Margins: -41.88%
  • Return on Equity: -86.46%
  • Return on Assets: -6.31%
Debt:
  • Debt-to-Equity Ratio: 10.87%
  • Current Ratio: 0.69%
  • Quick Ratio: 0.69%
Misc:
  • Average Volume: 720,202 shs.
  • Beta: 1.98
  • Short Ratio: 12.66
 
Frequently Asked Questions for Internap Corporation (NASDAQ:INAP)

What is Internap Corporation's stock symbol?

Internap Corporation trades on the NASDAQ under the ticker symbol "INAP."

How were Internap Corporation's earnings last quarter?

Internap Corporation (NASDAQ:INAP) released its earnings results on Thursday, November, 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by $0.02. The business earned $73.90 million during the quarter, compared to the consensus estimate of $74.32 million. Internap Corporation had a negative net margin of 41.88% and a negative return on equity of 86.46%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted ($0.19) EPS. View Internap Corporation's Earnings History.

Where is Internap Corporation's stock going? Where will Internap Corporation's stock price be in 2017?

5 brokerages have issued twelve-month price targets for Internap Corporation's stock. Their predictions range from $3.50 to $5.50. On average, they expect Internap Corporation's stock price to reach $4.75 in the next twelve months. View Analyst Ratings for Internap Corporation.

What are analysts saying about Internap Corporation stock?

Here are some recent quotes from research analysts about Internap Corporation stock:

  • 1. According to Zacks Investment Research, "InterNAP Network Services Corp is a provider of high performance Internet connectivity services targeted at businesses seeking to maximize the performance of mission-critical Internet-based applications. Customers connected to one of their service points have their data optimally routed to and from destinations on the Internet using their overlay network, which analyzes the traffic situation on the multiplicity of networks that comprise the Internet and delivers mission-critical information and communications faster and more reliably. " (5/16/2017)
  • 2. Benchmark Co. analysts commented, "We note that, of the 1,585,000 restricted shares awarded to Mr. Aquino, only 300,000 are subject to time-based vesting, with the remainder vesting in tranches based on stock price or a hybrid of time/price, and an initial share price hurdle of $5 per share. We also suspect that, perhaps unlike past transitions, top shareholders may have been at least involved/consulted, which could provide a modicum of stability now that all of the activists have exited. Still, we acknowledge that, outside of operational outperformance, any transaction-based catalyst seems to be likely pushed out into 2017 at the earliest, which could test the patience of the remaining shareholder base." (9/14/2016)

Are investors shorting Internap Corporation?

Internap Corporation saw a increase in short interest in June. As of June 30th, there was short interest totalling 12,418,442 shares, an increase of 52.8% from the June 15th total of 8,128,409 shares. Based on an average daily trading volume, of 1,586,105 shares, the days-to-cover ratio is currently 7.8 days. Approximately 16.0% of the shares of the stock are sold short.

Who are some of Internap Corporation's key competitors?

Who are Internap Corporation's key executives?

Internap Corporation's management team includes the folowing people:

  • Peter D. Aquino, President, Chief Executive Officer, Director
  • Robert M. Dennerlein, Chief Financial Officer, Chief Accounting Officer, Principal Accounting Officer
  • Richard P. Diegnan Jr., Senior Vice President, General Counsel, Corporate Secretary
  • Mike Higgins, Senior Vice President - Business Development
  • Mark D. Weaver, Principal Accounting Officer, Vice President, Corporate Controller
  • Patricia Watkins, Vice President - Global Channel Sales
  • Peter G. Bell, Senior Vice President - Global Sales
  • Daniel C. Stanzione Ph.D., Non-Executive Independent Chairman of the Board
  • Charles B. Coe, Independent Director
  • Patricia L. Higgins, Independent Director

How do I buy Internap Corporation stock?

Shares of Internap Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Internap Corporation's stock price today?

One share of Internap Corporation stock can currently be purchased for approximately $3.85.


MarketBeat Community Rating for Internap Corporation (NASDAQ INAP)
Community Ranking:  2.6 out of 5 ( )
Outperform Votes:  131 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  251
MarketBeat's community ratings are surveys of what our community members think about Internap Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Internap Corporation (NASDAQ:INAP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $4.75 (23.38% upside)

Analysts' Ratings History for Internap Corporation (NASDAQ:INAP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/11/2017Benchmark Co.Reiterated RatingBuy$4.00 -> $5.00N/AView Rating Details
3/10/2017Stifel NicolausUpgradeHold -> Buy$2.00 -> $5.50HighView Rating Details
11/7/2016DA DavidsonReiterated RatingHoldN/AView Rating Details
8/8/2016Craig HallumUpgradeHold -> Buy$3.50N/AView Rating Details
8/5/2016Drexel HamiltonSet Price TargetBuy$5.00N/AView Rating Details
2/22/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
2/19/2016SunTrust Banks, Inc.Lower Price TargetNeutral$7.50 -> $3.00N/AView Rating Details
11/6/2015Cowen and CompanyBoost Price TargetMarket Perform$8.00 -> $9.25N/AView Rating Details
10/2/2015Brean CapitalLower Price TargetBuy$9.50N/AView Rating Details
9/25/2015Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for Internap Corporation (NASDAQ:INAP)
Earnings by Quarter for Internap Corporation (NASDAQ:INAP)
Earnings History by Quarter for Internap Corporation (NASDAQ INAP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/9/2017Q4 2016($0.13)($0.11)$73.46 million$74.10 millionViewListenView Earnings Details
11/3/2016Q316($0.13)($0.15)$74.32 million$73.90 millionViewN/AView Earnings Details
8/4/2016Q216($0.12)($0.14)$76.61 million$74.30 millionViewN/AView Earnings Details
5/5/2016Q116($0.23)($0.12)$77.18 million$75.92 millionViewN/AView Earnings Details
2/18/2016Q415($0.14)($0.14)$81.56 million$78.75 millionViewListenView Earnings Details
11/5/2015Q315($0.20)($0.19)$79.71 million$78.31 millionViewN/AView Earnings Details
8/4/2015Q215($0.17)($0.20)$81.32 million$80.43 millionViewN/AView Earnings Details
4/28/2015Q115($0.15)($0.17)$85.04 million$80.78 millionViewN/AView Earnings Details
2/19/2015Q414($0.10)($0.10)$84.50 million$84.30 millionViewN/AView Earnings Details
10/28/2014Q314($0.12)($0.18)$84.50 million$84.67 millionViewN/AView Earnings Details
7/29/2014Q214($0.12)($0.15)$83.60 million$84.07 millionViewN/AView Earnings Details
4/24/2014Q114($0.07)($0.14)$83.03 million$81.90 millionViewN/AView Earnings Details
2/20/2014Q413($0.02)($0.09)$70.75 million$74.09 millionViewN/AView Earnings Details
10/24/2013Q313($0.03)($0.04)$70.31 million$69.60 millionViewN/AView Earnings Details
7/25/2013Q2 2013($0.01)($0.03)$70.11 million$69.98 millionViewN/AView Earnings Details
2/21/2013Q4 2012$0.01$0.06$69.01 million$69.70 millionViewN/AView Earnings Details
10/25/2012$0.02($0.02)ViewN/AView Earnings Details
7/26/2012$0.02$0.01ViewN/AView Earnings Details
4/26/2012$0.03ViewN/AView Earnings Details
2/23/2012($0.02)$0.01ViewN/AView Earnings Details
10/27/2011($0.01)ViewN/AView Earnings Details
7/28/2011$0.01($0.01)ViewN/AView Earnings Details
4/28/2011$0.02($0.01)ViewN/AView Earnings Details
2/24/2011$0.01$0.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Internap Corporation (NASDAQ:INAP)
2017 EPS Consensus Estimate: ($0.38)
2018 EPS Consensus Estimate: ($0.26)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.13)($0.13)($0.13)
Q2 20171($0.09)($0.09)($0.09)
Q3 20171($0.08)($0.08)($0.08)
Q4 20171($0.08)($0.08)($0.08)
Q1 20181($0.07)($0.07)($0.07)
Q2 20181($0.08)($0.08)($0.08)
Q3 20181($0.08)($0.08)($0.08)
Q4 20181($0.03)($0.03)($0.03)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Internap Corporation (NASDAQ:INAP)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Internap Corporation (NASDAQ:INAP)
Insider Ownership Percentage: 5.83%
Institutional Ownership Percentage: 76.80%
Insider Trades by Quarter for Internap Corporation (NASDAQ:INAP)
Institutional Ownership by Quarter for Internap Corporation (NASDAQ:INAP)
Insider Trades by Quarter for Internap Corporation (NASDAQ:INAP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/20/2017Park West Asset Management LlcMajor ShareholderSell125,000$4.19$523,750.00View SEC Filing  
5/30/2017Peter J Rogers JrDirectorBuy15,280$3.29$50,271.20View SEC Filing  
1/12/2017Gamco Investors, Inc. Et AlMajor ShareholderSell3,000$1.92$5,760.00View SEC Filing  
9/14/2016Daniel StanzioneDirectorBuy50,000$1.93$96,500.00View SEC Filing  
4/19/2016Gamco Investors, Inc. Et AlMajor ShareholderSell2,000$2.63$5,260.00View SEC Filing  
4/5/2016Corp AvenirMajor ShareholderSell75,243$2.49$187,355.07View SEC Filing  
3/30/2016Gamco Investors, Inc. Et AlMajor ShareholderSell3,000$2.75$8,250.00View SEC Filing  
3/22/2016Corp AvenirMajor ShareholderSell6,298$2.65$16,689.70View SEC Filing  
3/4/2016Gamco Investors, Inc. Et AlMajor ShareholderSell2,000$2.88$5,760.00View SEC Filing  
2/23/2016Daniel StanzioneDirectorBuy20,000$2.11$42,200.00View SEC Filing  
2/23/2016Kevin M DottsCFOBuy24,000$2.08$49,920.00View SEC Filing  
2/23/2016Michael RuffoloCEOBuy25,000$2.15$53,750.00View SEC Filing  
2/19/2016Gamco Investors, Inc. Et AlMajor ShareholderBuy18,000$1.93$34,740.00View SEC Filing  
5/12/2015Michael RuffoloCEOBuy10,560$9.48$100,108.80View SEC Filing  
4/15/2015Daniel StanzioneDirectorSell27,000$10.48$282,960.00View SEC Filing  
6/16/2014Charles B CoeDirectorBuy12,000$6.86$82,320.00View SEC Filing  
5/2/2014James Eric CooneyCEOBuy15,000$6.73$100,950.00View SEC Filing  
4/29/2014Debora WilsonDirectorBuy10,000$6.79$67,900.00View SEC Filing  
3/14/2014Kevin DottsCFOBuy10,000$7.34$73,400.00View SEC Filing  
2/28/2014Gamco Investors, Inc. Et Almajor shareholderSell1,000$7.77$7,770.00View SEC Filing  
3/25/2013Gamco Investors, Inc. Et AlMajor ShareholderSell1,000$9.46$9,460.00View SEC Filing  
11/16/2012James Eric CooneyCEOBuy20,000$5.62$112,400.00View SEC Filing  
11/9/2012Debora J WilsonDirectorBuy10,000$5.81$58,100.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Internap Corporation (NASDAQ:INAP)
Latest Headlines for Internap Corporation (NASDAQ:INAP)
Source:
DateHeadline
americanbankingnews.com logoInsider Selling: Internap Corporation (NASDAQ:INAP) Major Shareholder Sells 125,000 Shares of Stock
www.americanbankingnews.com - July 24 at 10:26 PM
prnewswire.com logoPerfect World Renews Colocation and Performance IP™ Services in INAP's Boston Data Center - PR Newswire (press release)
www.prnewswire.com - July 20 at 11:39 PM
finance.yahoo.com logoPerfect World Renews Colocation and Performance IP™ Services in INAP's Boston Data Center
finance.yahoo.com - July 18 at 10:28 PM
americanbankingnews.com logoInternap Corporation (INAP) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 18 at 5:31 PM
finance.yahoo.com logoINAP to Release Second Quarter Financial Results on August 3, 2017
finance.yahoo.com - July 18 at 1:28 AM
americanbankingnews.com logoShort Interest in Internap Corporation (NASDAQ:INAP) Grows By 52.8%
www.americanbankingnews.com - July 14 at 7:20 AM
americanbankingnews.com logo$70.62 Million in Sales Expected for Internap Corporation (NASDAQ:INAP) This Quarter
www.americanbankingnews.com - July 8 at 7:36 AM
reuters.com logoBRIEF-INAP strategically expands with Digital Realty in Greater Phoenix
www.reuters.com - July 7 at 6:26 AM
americanbankingnews.com logoInternap Corporation (NASDAQ:INAP) Lifted to Buy at BidaskClub
www.americanbankingnews.com - July 6 at 11:28 PM
americanbankingnews.com logo Brokerages Expect Internap Corporation (INAP) Will Announce Earnings of -$0.07 Per Share
www.americanbankingnews.com - July 6 at 10:14 PM
prnewswire.com logoOscar-award Winning Visual Effect Studio Signs with INAP for ... - PR Newswire (press release)
www.prnewswire.com - June 28 at 7:22 PM
finance.yahoo.com logoOscar-awarding Winning Visual Effect Studio Signs with INAP for Customized Private Cloud Rendering and Network Private Extension
finance.yahoo.com - June 28 at 7:22 PM
americanbankingnews.com logoInternap Corporation (INAP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 2:51 PM
americanbankingnews.com logo Analysts Anticipate Internap Corporation (INAP) Will Post Earnings of -$0.07 Per Share
www.americanbankingnews.com - June 15 at 2:06 PM
americanbankingnews.com logo$70.62 Million in Sales Expected for Internap Corporation (INAP) This Quarter
www.americanbankingnews.com - June 14 at 9:36 AM
americanbankingnews.com logo Brokerages Expect Internap Corporation (INAP) Will Announce Quarterly Sales of $70.62 Million
www.americanbankingnews.com - June 14 at 9:36 AM
americanbankingnews.com logo Brokerages Expect Internap Corporation (INAP) to Post -$0.07 Earnings Per Share
www.americanbankingnews.com - June 13 at 12:52 AM
seekingalpha.com logoInternap (INAP) Presents At Stifel Technology, Internet & Media Conference - Slideshow
seekingalpha.com - June 7 at 10:30 PM
finance.yahoo.com logoWhy Internap Corporation (INAP) Could Be Positioned for a Surge
finance.yahoo.com - May 31 at 10:53 PM
americanbankingnews.com logoPeter J. Rogers, Jr. Acquires 15,280 Shares of Internap Corp (INAP) Stock
www.americanbankingnews.com - May 31 at 1:15 PM
americanbankingnews.com logoInternap Corp (INAP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 29 at 2:58 PM
americanbankingnews.com logoInternap Corp (INAP) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - May 28 at 7:02 PM
prnewswire.com logoINAP to Present at Spring 2017 Investor Conferences - PR Newswire - PR Newswire (press release)
www.prnewswire.com - May 26 at 6:37 PM
finance.yahoo.com logoINAP to Present at Spring 2017 Investor Conferences
finance.yahoo.com - May 26 at 2:20 AM
finance.yahoo.com logoETFs with exposure to Internap Corp. : May 25, 2017
finance.yahoo.com - May 26 at 2:20 AM
finance.yahoo.com logoInternap Corp. :INAP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 24, 2017
finance.yahoo.com - May 24 at 11:33 AM
americanbankingnews.com logo$70.62 Million in Sales Expected for Internap Corp (INAP) This Quarter
www.americanbankingnews.com - May 21 at 2:24 PM
americanbankingnews.com logoZacks: Analysts Anticipate Internap Corp (INAP) to Announce -$0.08 EPS
www.americanbankingnews.com - May 16 at 8:22 AM
finance.yahoo.com logoEdited Transcript of INAP earnings conference call or presentation 9-May-17 12:30pm GMT
finance.yahoo.com - May 10 at 6:21 PM
seekingalpha.com logoInternap's (INAP) CEO Peter Aquino on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 9 at 5:40 PM
reuters.com logoBRIEF-INAP sees full-year 2017 revenue between $275 mln-$285 mln
www.reuters.com - May 9 at 12:23 PM
finance.yahoo.com logoINAP Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 9 at 12:23 PM
finance.yahoo.com logoInvestor Network: Internap Corporation to Host Earnings Call
finance.yahoo.com - May 9 at 12:23 PM
americanbankingnews.com logoInternap Corp (INAP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 2:20 PM
americanbankingnews.com logoInternap Corp (INAP) Receives Daily News Sentiment Rating of 0.03
www.americanbankingnews.com - May 1 at 7:32 PM
finance.yahoo.com logoINAP to Release First Quarter Financial Results on May 9, 2017
finance.yahoo.com - April 28 at 6:53 PM
americanbankingnews.com logoInternap Corp (INAP) Expected to Announce Quarterly Sales of $71.84 Million
www.americanbankingnews.com - April 27 at 11:53 AM
americanbankingnews.com logoPositive Press Coverage Extremely Likely to Impact Internap Corp (INAP) Share Price
www.americanbankingnews.com - April 27 at 10:34 AM
americanbankingnews.com logoZacks: Analysts Expect Internap Corp (INAP) to Post -$0.10 Earnings Per Share
www.americanbankingnews.com - April 25 at 5:22 PM
americanbankingnews.com logoInternap Corp (INAP) Receiving Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 6:04 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Extremely Likely to Affect Internap Corp (INAP) Share Price
www.americanbankingnews.com - April 18 at 12:15 AM
americanbankingnews.com logoInternap Corp (INAP) Receives Daily News Impact Rating of 0.04
www.americanbankingnews.com - April 14 at 6:52 PM
americanbankingnews.com logoInternap Corp (INAP) Short Interest Update
www.americanbankingnews.com - April 13 at 7:32 AM
finance.yahoo.com logoINAP Signs Customized Colocation and Network Agreement in the Company's Flagship Dallas Data Center
finance.yahoo.com - April 11 at 11:53 AM
finance.yahoo.com logoINAP Successfully Completes $300M Senior Secured Debt Refinancing
finance.yahoo.com - April 7 at 10:27 AM
finance.yahoo.com logoIncreased Earnings Estimates Seen for Internap (INAP): Can It Move Higher?
finance.yahoo.com - March 24 at 9:41 AM
finance.yahoo.com logo3 Reasons Why Internap (INAP) is a Great Momentum Stock
finance.yahoo.com - March 23 at 6:29 PM
finance.yahoo.com logoBull Of The Day: Internap (INAP)
finance.yahoo.com - March 22 at 9:58 AM
americanbankingnews.com logoInternap Corp (INAP) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - March 19 at 7:01 PM
finance.yahoo.com logoINTERNAP CORP Financials
finance.yahoo.com - March 17 at 6:06 PM

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Chart

Internap Corporation (INAP) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff