Internap Corp Company Profile (NASDAQ:INAP)

About Internap Corp (NASDAQ:INAP)

Internap Corp 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: Information Technology Services
  • Sub-Industry: Internet Software & Services
  • Symbol: NASDAQ:INAP
  • CUSIP: 45885A30
  • Web: www.internap.com
Capitalization:
  • Market Cap: $216.22 million
  • Outstanding Shares: 64,350,000
Average Prices:
  • 50 Day Moving Avg: $3.30
  • 200 Day Moving Avg: $2.28
  • 52 Week Range: $0.80 - $3.86
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -14.00
  • P/E Growth: -3.79
Sales & Book Value:
  • Annual Revenue: $294.51 million
  • Price / Sales: 0.73
  • Book Value: $0.46 per share
  • Price / Book: 7.30
Profitability:
  • EBIDTA: $65.45 million
  • Net Margins: -40.57%
  • Return on Equity: -43.35%
  • Return on Assets: -6.84%
Debt:
  • Debt-to-Equity Ratio: 39.38%
  • Current Ratio: 0.70%
  • Quick Ratio: 0.70%
Misc:
  • Average Volume: 981,824 shs.
  • Beta: 1.67
  • Short Ratio: 5.5
 

Frequently Asked Questions for Internap Corp (NASDAQ:INAP)

What is Internap Corp's stock symbol?

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

How were Internap Corp's earnings last quarter?

Internap Corp (NASDAQ:INAP) announced its quarterly earnings data on Thursday, March, 9th. The company reported ($0.11) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.02. The firm earned $74.10 million during the quarter, compared to analyst estimates of $73.46 million. Internap Corp had a negative net margin of 40.57% and a negative return on equity of 43.35%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) EPS. View Internap Corp's Earnings History.

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

5 equities research analysts have issued 1 year price objectives for Internap Corp's shares. Their forecasts range from $3.50 to $5.50. On average, they anticipate Internap Corp's stock price to reach $4.75 in the next twelve months. View Analyst Ratings for Internap Corp.

What are analysts saying about Internap Corp stock?

Here are some recent quotes from research analysts about Internap Corp 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)

Who are some of Internap Corp's key competitors?

Who owns Internap Corp stock?

Internap Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include GAMCO INVESTORS, INC. ET AL (21.45%), Park West Asset Management LLC (21.44%), Gabelli Funds LLC (16.88%), AVENIR CORP (9.70%), Avenir Corp (14.38%) and Gamco Investors INC. ET AL (11.80%). Company insiders that own Internap Corp stock include Corp Avenir, Daniel Stanzione, Gamco Investors, Inc Et Al, Kevin M Dotts and Michael Ruffolo. View Institutional Ownership Trends for Internap Corp.

Who sold Internap Corp stock? Who is selling Internap Corp stock?

Internap Corp's stock was sold by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Gamco Investors INC. ET AL, Eidelman Virant Capital, Dimensional Fund Advisors LP, S. Muoio & CO. LLC, Pinnacle Associates Ltd., Algert Global LLC and Asset Management One Co. Ltd.. View Insider Buying and Selling for Internap Corp.

Who bought Internap Corp stock? Who is buying Internap Corp stock?

Internap Corp's stock was purchased by a variety of institutional investors in the last quarter, including Park West Asset Management LLC, Avenir Corp, Gabelli Funds LLC, Vanguard Group Inc., Oxford Asset Management, EAM Investors LLC, Renaissance Technologies LLC and Acadian Asset Management LLC. Company insiders that have bought Internap Corp stock in the last two years include Daniel Stanzione, Gamco Investors, Inc Et Al, Kevin M Dotts and Michael Ruffolo. View Insider Buying and Selling for Internap Corp.

How do I buy Internap Corp stock?

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

How much does a share of Internap Corp stock cost?

One share of Internap Corp stock can currently be purchased for approximately $3.36.

Analyst Ratings

Consensus Ratings for Internap Corp (NASDAQ:INAP) (?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $4.75 (41.37% upside)

Analysts' Ratings History for Internap Corp (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 & CoDowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

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

Insider Trades

Insider Trading and Institutional Ownership History for Internap Corp (NASDAQ:INAP)
Insider Ownership Percentage: 5.83%
Institutional Ownership Percentage: 63.58%
Insider Trades by Quarter for Internap Corp (NASDAQ:INAP)
Institutional Ownership by Quarter for Internap Corp (NASDAQ:INAP)
Insider Trades by Quarter for Internap Corp (NASDAQ:INAP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 Corp (NASDAQ:INAP)
Latest Headlines for Internap Corp (NASDAQ:INAP)
Source:
DateHeadline
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
moodys.com logoInternap Corporation -- Moody's assigns B3 rating to Internap's credit facility
www.moodys.com - March 16 at 4:32 PM
americanbankingnews.com logoWeekly Investment Analysts’ Ratings Updates for Internap Corp (INAP)
www.americanbankingnews.com - March 16 at 2:06 PM
finance.yahoo.com logoSemtech (SMTC) Q4 Earnings Miss Estimates, Sales Beat
finance.yahoo.com - March 15 at 6:12 PM
biz.yahoo.com logoINTERNAP CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 13 at 5:47 PM
finance.yahoo.com logoEnzu Chooses INAP for West Coast Colocation
finance.yahoo.com - March 13 at 10:55 AM
americanbankingnews.com logoInternap Corp’s (INAP) “Buy” Rating Reiterated at Benchmark Co.
www.americanbankingnews.com - March 11 at 8:52 PM
finance.yahoo.com logoInterNAP upgraded by Stifel
finance.yahoo.com - March 10 at 7:06 PM
americanbankingnews.com logoInternap Corp (INAP) Receives Average Rating of “Buy” from Brokerages
www.americanbankingnews.com - March 10 at 2:45 PM
americanbankingnews.com logoInternap Corp (INAP) Upgraded at Stifel Nicolaus
www.americanbankingnews.com - March 10 at 12:38 PM
reuters.com logoBRIEF-INAP reports Q4 revenue of $74.1 mln
www.reuters.com - March 9 at 9:01 PM
finance.yahoo.com logoEdited Transcript of INAP earnings conference call or presentation 9-Mar-17 1:30pm GMT
finance.yahoo.com - March 9 at 9:01 PM
us.rd.yahoo.com logoINAP Reports Fourth Quarter 2016 Financial Results
us.rd.yahoo.com - March 9 at 4:00 PM
biz.yahoo.com logoQ4 2016 Internap Corp Earnings Release - After Market Close
us.rd.yahoo.com - March 9 at 4:00 PM
biz.yahoo.com logoINTERNAP CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financial
us.rd.yahoo.com - March 9 at 4:00 PM
finance.yahoo.com logoCan The Uptrend Continue for Internap (INAP)?
finance.yahoo.com - March 8 at 6:40 PM
americanbankingnews.com logoInternap Corp (INAP) Set to Announce Earnings on Thursday
www.americanbankingnews.com - March 8 at 9:19 AM
biz.yahoo.com logoINTERNAP CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,
biz.yahoo.com - February 28 at 6:03 PM
benzinga.com logoMid-Morning Market Update: Markets Open Lower; DISH Network Profit Beats Expectations
www.benzinga.com - February 22 at 11:09 PM
us.rd.yahoo.com logoInternap Corporation Raises $43 Million in Common Equity Private Placement
us.rd.yahoo.com - February 22 at 6:08 PM
us.rd.yahoo.com logo7:02 am InterNAP announces a private placement of approximately 23.8 million shares of its common stock at a price of $1.81/share; reaffirms 2016 and 2017 revenue guidance
us.rd.yahoo.com - February 22 at 6:08 PM
nasdaq.com logoShould You Sell Internap Corporation (INAP) Before Earnings? - Nasdaq
www.nasdaq.com - February 15 at 9:04 PM
finance.yahoo.com logoShould You Sell Internap Corporation (INAP) Before Earnings?
finance.yahoo.com - February 15 at 9:04 PM
prnewswire.com logoINAP's Dallas Data Center Earns EPA's ENERGY STAR ... - PR Newswire (press release)
www.prnewswire.com - February 7 at 7:13 PM
finance.yahoo.com logoINAP's Dallas Data Center Earns EPA's ENERGY STAR® Certification for Superior Energy Efficiency
finance.yahoo.com - February 7 at 7:13 PM
biz.yahoo.com logoINTERNAP CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligati
biz.yahoo.com - January 26 at 7:35 PM

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Chart

Internap Corp (INAP) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff