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About Internap (NASDAQ:INAP)
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. This segment offers its colocation services through 56 data centers and 97 POPs worldwide. The INAP CLOUD segment provides hosted Infrastructure-as-a-Service as a cloud platform or through managed hosting that includes the provision and maintenance of hardware, data center infrastructure, and interconnection that enables its customers to own and manage their software applications and content. This segment offers cloud and managed hosting services, which comprise compute and storage services, as well as a single tenant infrastructure environment through an integrated platform that includes servers, storage, and network. The company serves various industries, including healthcare; advertising technology; financial; technology infrastructure; and gaming and software. The company was formerly known as Internap Network Services Corporation and changed its name to Internap Corporation in November 2014. Internap Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryInternet Software & Services
SectorComputer and Technology
SymbolNASDAQ:INAP
CUSIP45885A30
Phone404-302-9700
Debt
Debt-to-Equity Ratio72.60
Current Ratio0.65
Quick Ratio0.65
Price-To-Earnings
Trailing P/E Ratio-6.35
Forward P/E Ratio-3.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$280.72 million
Price / Sales0.74
Cash Flow$2.3397 per share
Price / Cash4.21
Book Value$0.42 per share
Price / Book23.45
Profitability
EPS (Most Recent Fiscal Year)($1.55)
Net Income$-45,340,000.00
Net Margins-18.10%
Return on Equity-665.82%
Return on Assets-6.23%
Miscellaneous
Employees503
Outstanding Shares21,130,000
Internap (NASDAQ:INAP) Frequently Asked Questions
What is Internap's stock symbol?
Internap trades on the NASDAQ under the ticker symbol "INAP."
When did Internap's stock split? How did Internap's stock split work?
Shares of Internap reverse split before market open on Monday, November 20th 2017. The 1-4 reverse split was announced on Thursday, November 2nd 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 17th 2017. An investor that had 100 shares of Internap stock prior to the reverse split would have 25 shares after the split.
How were Internap's earnings last quarter?
Internap (NASDAQ:INAP) released its quarterly earnings results on Thursday, May, 3rd. The information technology services provider reported ($0.70) EPS for the quarter, missing the Zacks' consensus estimate of ($0.57) by $0.13. The information technology services provider had revenue of $74.20 million for the quarter, compared to analyst estimates of $73.99 million. Internap had a negative return on equity of 665.82% and a negative net margin of 18.10%. The business's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. View Internap's Earnings History.
When is Internap's next earnings date?
What price target have analysts set for INAP?
3 Wall Street analysts have issued 12-month target prices for Internap's stock. Their forecasts range from $28.00 to $28.00. On average, they anticipate Internap's stock price to reach $28.00 in the next year. View Analyst Ratings for Internap.
What are Wall Street analysts saying about Internap stock?
Here are some recent quotes from research analysts about Internap 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. " (5/9/2018)
- 2. Benchmark Co. analysts commented, "We view this as yet another example of CEO Pete Aquino executing efficiently on his public game plan, which still has significant legs. We have published frequently on the likelihood that Internap would make a tuck-in or scaling acquisition as early as 4Q17, so this announcement shouldn’t come as a surprise. Furthermore, with Pete Aquino’s rolodex as the driving force of the internal turnaround, his ability to find a sub-scale business and acquire it at a reasonable valuation multiple, while also bringing SingleHop’s CEO on as CMO of Internap, shouldn’t come as a surprise either. This deal also highlights management’s ability to creatively use the balance sheet (or, in this case, someone else’s balance sheet) to continue repairing the perceived holes in the business, with the deal also bringing geographic benefits (Chicago, New York and Phoenix) in addition to operational ones. From a high-level perspective, the acquisition appears to be sound, in our view." (1/30/2018)
Who are some of Internap's key competitors?
Some companies that are related to Internap include Model N (MODN), Cardlytics (CDLX), Rubicon Project (RUBI), Edgewater Technology (EDGW), Sify Technologies (SIFY), Synacor (SYNC), AutoWeb (AUTO), ChinaNet Online (CNET), MassRoots (MSRT), GigaMedia (GIGM), Professional Diversity Network (IPDN), Blue Sphere (BLSP), FunctionX (FNCX), Infinite Group (IMCI) and Moko Social Media (MOKOY).
Who are Internap's key executives?
Internap's management team includes the folowing people:
- Mr. Peter D. Aquino, Pres, CEO & Director (Age 57)
- Mr. Robert M. Dennerlein, CFO & Sr. VP (Age 59)
- Mr. Richard P. Diegnan Jr., Sr. VP, Gen. Counsel & Corp. Sec. (Age 49)
- Mr. Andrew G. Day, Sr. VP & GM of INAP International (Age 52)
- Mr. Corey J. Needles, Sr. VP & Gen. Mang. of INAP USA (Age 45)
Has Internap been receiving favorable news coverage?
Media headlines about INAP stock have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Internap earned a news sentiment score of 0.21 on Accern's scale. They also assigned headlines about the information technology services provider an impact score of 47.67 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Internap's major shareholders?
Internap's stock is owned by many different of institutional and retail investors. Top institutional shareholders include GAMCO INVESTORS, INC. ET AL (23.17%), GAMCO INVESTORS, INC. ET AL (24.39%),
GAMCO INVESTORS, INC. ET AL
(23.30%), Gamco Investors INC. ET AL (10.47%), Gabelli Funds LLC (9.99%) and Avenir Corp (7.52%). Company insiders that own Internap stock include Daniel Stanzione, Gamco Investors, Inc Et Al, Park West Asset Management Llc, Peter J Rogers Jr, Richard Ramlall and Robert Dennerlein. View Institutional Ownership Trends for Internap.
Which major investors are selling Internap stock?
INAP stock was sold by a variety of institutional investors in the last quarter, including Park West Asset Management LLC, Avenir Corp, California Public Employees Retirement System, BlackRock Inc., A.R.T. Advisors LLC and GSA Capital Partners LLP. View Insider Buying and Selling for Internap.
Which major investors are buying Internap stock?
INAP stock was bought by a variety of institutional investors in the last quarter, including Cannell Capital LLC, Gamco Investors INC. ET AL, Hawk Ridge Capital Management LP, Millennium Management LLC, Dimensional Fund Advisors LP, Sei Investments Co., Pinnacle Associates Ltd. and Cortina Asset Management LLC. Company insiders that have bought Internap stock in the last two years include Daniel Stanzione, Peter J Rogers Jr, Richard Ramlall and Robert Dennerlein. View Insider Buying and Selling for Internap.
How do I buy shares of Internap?
Shares of INAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Internap's stock price today?
One share of INAP stock can currently be purchased for approximately $9.85.
How big of a company is Internap?
Internap has a market capitalization of $205.18 million and generates $280.72 million in revenue each year. The information technology services provider earns $-45,340,000.00 in net income (profit) each year or ($1.55) on an earnings per share basis. Internap employs 503 workers across the globe.
How can I contact Internap?
Internap's mailing address is 12120 SUNSET HILLS ROAD SUITE 330, RESTON VA, 20190. The information technology services provider can be reached via phone at 404-302-9700 or via email at [email protected]
MarketBeat Community Rating for Internap (INAP)
MarketBeat's community ratings are surveys of what our community members think about Internap and other stocks. Vote "Outperform" if you believe INAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
Internap (NASDAQ:INAP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Internap in the last 12 months. Their average twelve-month price target is $28.00, suggesting that the stock has a possible upside of 184.26%. The high price target for INAP is $28.00 and the low price target for INAP is $28.00. There are currently 1 buy rating and 2 strong buy ratings for the stock, resulting in a consensus rating of "Strong Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Strong Buy | Strong Buy | Strong Buy | Strong Buy |
| Consensus Rating Score: | 3.67 | 3.67 | 3.50 | 3.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
2 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
2 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
2 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
2 Strong Buy Rating(s) |
| Consensus Price Target: | $28.00 | $28.00 | $26.00 | $24.6667 |
| Price Target Upside: | 184.26% upside | 64.51% upside | 52.76% upside | 48.95% upside |
Internap (NASDAQ:INAP) Consensus Price Target History
Internap (NASDAQ:INAP) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Internap (NASDAQ:INAP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Internap (NASDAQ INAP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.90%
Institutional Ownership Percentage: 80.83%
Internap (NASDAQ INAP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/23/2018 | Richard Ramlall | VP | Buy | 300 | $9.01 | $2,703.00 | 25,082 |  |
| 5/8/2018 | Peter J Rogers Jr | Director | Buy | 2,500 | $10.63 | $26,575.00 | | |
| 5/8/2018 | Richard Ramlall | VP | Buy | 100 | $10.85 | $1,085.00 | | |
| 5/8/2018 | Robert Dennerlein | CFO | Buy | 2,200 | $10.95 | $24,090.00 | | |
| 7/25/2017 | Park West Asset Management Llc | Insider | Sell | 2,250,000 | $3.88 | $8,730,000.00 | | |
| 7/24/2017 | Park West Asset Management Llc | Major Shareholder | Sell | 1,107,700 | $3.96 | $4,386,492.00 | | |
| 7/20/2017 | Park West Asset Management Llc | Major Shareholder | Sell | 125,000 | $4.19 | $523,750.00 | | |
| 5/30/2017 | Peter J Rogers Jr | Director | Buy | 15,280 | $3.29 | $50,271.20 | 67,306 | |
| 1/12/2017 | Gamco Investors, Inc. Et Al | Major Shareholder | Sell | 3,000 | $1.92 | $5,760.00 | | |
| 9/14/2016 | Daniel Stanzione | Director | Buy | 50,000 | $1.93 | $96,500.00 | 193,536 | |
| 4/19/2016 | Gamco Investors, Inc. Et Al | Major Shareholder | Sell | 2,000 | $2.63 | $5,260.00 | | |
| 4/5/2016 | Corp Avenir | Major Shareholder | Sell | 75,243 | $2.49 | $187,355.07 | | |
| 3/30/2016 | Gamco Investors, Inc. Et Al | Major Shareholder | Sell | 3,000 | $2.75 | $8,250.00 | | |
| 3/22/2016 | Corp Avenir | Major Shareholder | Sell | 6,298 | $2.65 | $16,689.70 | | |
| 3/4/2016 | Gamco Investors, Inc. Et Al | Major Shareholder | Sell | 2,000 | $2.88 | $5,760.00 | | |
| 2/23/2016 | Daniel Stanzione | Director | Buy | 20,000 | $2.11 | $42,200.00 | 120,132 | |
| 2/23/2016 | Kevin M Dotts | CFO | Buy | 24,000 | $2.08 | $49,920.00 | 212,793 | |
| 2/23/2016 | Michael Ruffolo | CEO | Buy | 25,000 | $2.15 | $53,750.00 | 441,715 | |
| 2/19/2016 | Gamco Investors, Inc. Et Al | Major Shareholder | Buy | 18,000 | $1.93 | $34,740.00 | | |
| 5/12/2015 | Michael Ruffolo | CEO | Buy | 10,560 | $9.48 | $100,108.80 | | |
| 4/15/2015 | Daniel Stanzione | Director | Sell | 27,000 | $10.48 | $282,960.00 | | |
| 6/16/2014 | Charles B Coe | Director | Buy | 12,000 | $6.86 | $82,320.00 | | |
| 5/2/2014 | James Eric Cooney | CEO | Buy | 15,000 | $6.73 | $100,950.00 | 906,304 | |
| 4/29/2014 | Debora Wilson | Director | Buy | 10,000 | $6.79 | $67,900.00 | 111,792 | |
| 3/14/2014 | Kevin Dotts | CFO | Buy | 10,000 | $7.34 | $73,400.00 | 117,550 | |
| 2/28/2014 | Gamco Investors, Inc. Et Al | major shareholder | Sell | 1,000 | $7.77 | $7,770.00 | | |
| 3/25/2013 | Gamco Investors, Inc. Et Al | Major Shareholder | Sell | 1,000 | $9.46 | $9,460.00 | | |
| 11/16/2012 | James Eric Cooney | CEO | Buy | 20,000 | $5.62 | $112,400.00 | | |
| 11/9/2012 | Debora J Wilson | Director | Buy | 10,000 | $5.81 | $58,100.00 | | |
(Data available from 1/1/2013 forward)
Internap (NASDAQ INAP) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Internap (INAP) Presents At 2018 RBC Global Datacenter And Connectivity Conference - Slideshow
seekingalpha.com - May 23 at 4:49 PM |
 | Head to Head Review: Professional Diversity Network (IPDN) vs. Internap (INAP)
www.americanbankingnews.com - May 23 at 1:33 PM |
 | New Research Coverage Highlights Internap, Dime Community Bancshares, Cohu, Laboratory Corporation of America ...
globenewswire.com - May 18 at 10:01 AM |
 | Internap Corporation (INAP) Announces CFO Transition
www.streetinsider.com - May 14 at 4:52 PM |
| Internap (INAP) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 14 at 3:35 PM |
 | BRIEF-INAP Announces Chief Financial Officer Transition
www.reuters.com - May 14 at 10:28 AM |
 | DediPath Chooses INAP for East Coast Infrastructure Expansion
finance.yahoo.com - May 14 at 10:28 AM |
| INAP Announces Chief Financial Officer Transition
finance.yahoo.com - May 14 at 10:28 AM |
| $82.19 Million in Sales Expected for Internap (INAP) This Quarter
www.americanbankingnews.com - May 13 at 2:34 AM |
| Internap Sees Unusually Large Options Volume (INAP)
www.americanbankingnews.com - May 11 at 8:15 AM |
| Peter J. Rogers, Jr. Acquires 2,500 Shares of Internap (INAP) Stock
www.americanbankingnews.com - May 9 at 8:28 PM |
| Internap (INAP) CFO Buys $24,090.00 in Stock
www.americanbankingnews.com - May 9 at 8:28 PM |
| Internap (INAP) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - May 9 at 6:57 PM |
| INAP to Present at Jefferies 2018 Technology Conference
finance.yahoo.com - May 4 at 8:55 AM |
| Edited Transcript of INAP earnings conference call or presentation 3-May-18 12:30pm GMT
finance.yahoo.com - May 4 at 8:55 AM |
| Internap (INAP) Raised to "Hold" at BidaskClub
www.americanbankingnews.com - May 3 at 11:15 PM |
| Internap (INAP) Announces Earnings Results, Misses Estimates By $0.13 EPS
www.americanbankingnews.com - May 3 at 8:12 PM |
| Internap Corporation's (INAP) CEO Pete Aquino on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 4:49 PM |
| BRIEF-Internap Reports Q1 GAAP Loss Per Share $0.70
www.reuters.com - May 3 at 9:00 AM |
| INAP Reports First Quarter 2018 Financial Results
finance.yahoo.com - May 3 at 9:00 AM |
 | Will Strong Cloud Growth Propel Alibaba (BABA) Q4 Earnings?
www.zacks.com - May 2 at 8:54 AM |
| Detailed Research: Economic Perspectives on Five Below, Employers, Unifi, Aircastle, Internap, and Bank of Marin ...
globenewswire.com - May 1 at 8:55 AM |
 | Vivox Expands Partnership with INAP for Colocation and Performance IP™ Services at Boston Data Center
www.nasdaq.com - April 30 at 4:52 PM |
| BRIEF-Internap Corp Announced Multi-Year Deal Between Inap And Vivox Inc.
www.reuters.com - April 30 at 4:52 PM |
| Vivox Expands Partnership with INAP for Colocation and Performance IPTM Services at Boston Data Center
finance.yahoo.com - April 30 at 10:06 AM |
| Brokerages Anticipate Internap (INAP) Will Announce Quarterly Sales of $72.41 Million
www.americanbankingnews.com - April 26 at 4:32 AM |
| Internap (INAP) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - April 26 at 3:48 AM |
| Teradyne (TER) Beats Earnings and Revenue Estimates in Q1
www.zacks.com - April 25 at 9:26 AM |
| -$0.60 Earnings Per Share Expected for Internap (INAP) This Quarter
www.americanbankingnews.com - April 24 at 8:30 AM |
| Internap (INAP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 19 at 3:33 PM |
| INAP to Release First Quarter 2018 Financial Results on May 3, 2018
finance.yahoo.com - April 18 at 4:49 PM |
| Ubersmith Adds Customizable Invoices, Plug-In System to its Subscription Business Management Software Suite
finance.yahoo.com - April 17 at 9:11 AM |
| Internap (INAP) Downgraded to "Hold" at BidaskClub
www.americanbankingnews.com - April 16 at 9:48 AM |
| Form DEF 14A Internap Corp For: Jun 07
www.streetinsider.com - April 13 at 9:16 AM |
| BRIEF-Internap Says On April 9, Entered Fourth Amendment To Credit Agreement
www.reuters.com - April 12 at 9:51 AM |
| INAP's subsidiary iWeb Technologies Inc. Expands Contract with 2018 Oscar-Winning Visual Effects Studio Framestore ...
globenewswire.com - April 9 at 9:31 AM |
| Zacks: Analysts Anticipate Internap (INAP) Will Post Quarterly Sales of $72.41 Million
www.americanbankingnews.com - April 9 at 3:32 AM |
| Internap (INAP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - April 7 at 11:36 PM |
| Internap (INAP) Expected to Announce Earnings of -$0.60 Per Share
www.americanbankingnews.com - April 7 at 9:53 AM |
| Ubersmith Announces Expanded Agreement with Namecheap
finance.yahoo.com - April 5 at 9:33 AM |
| Internap (INAP) Cut to Strong Sell at ValuEngine
www.americanbankingnews.com - April 3 at 1:52 PM |
| Internap (INAP) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - March 30 at 8:56 PM |
| Internap (INAP) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 29 at 7:58 PM |
| Ubersmith Announces Referral Program for its Subscription Business Management Software
finance.yahoo.com - March 28 at 8:57 AM |
| Internap (INAP) Upgraded to Hold by BidaskClub
www.americanbankingnews.com - March 26 at 1:58 PM |
| BRIEF-INAP Completes Debt Repricing
www.reuters.com - March 26 at 9:57 AM |
| INAP Completes Debt Repricing
finance.yahoo.com - March 26 at 9:57 AM |
| Internap (INAP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 25 at 3:36 PM |
| Internap (INAP) Downgraded by BidaskClub
www.americanbankingnews.com - March 25 at 2:34 PM |
| $72.41 Million in Sales Expected for Internap (INAP) This Quarter
www.americanbankingnews.com - March 23 at 4:56 AM |
Internap (NASDAQ:INAP) SEC Filings
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Internap (NASDAQ:INAP) Income Statement, Balance Sheet and Cash Flow Statement
Internap (NASDAQ INAP) Stock Chart for Thursday, May, 24, 2018
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