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. 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?
Some companies that are related to Internap Corporation include Unisys Corporation (UIS), Carbonite (CARB), Premiere Global Services (PGI), Silver Spring Networks (SSNI), VASCO Data Security International (VDSI), NCC Group PLC (NCC), SDL plc (SDL), 21Vianet Group (VNET), Actua Corporation (ACTA), AgroFresh Solutions (AGFS), Computer Programs and Systems (CPSI), Kainos Group PLC (KNOS), Limelight Networks (LLNW), Digimarc Corporation (DMRC), ServiceSource International (SREV), Zix Corporation (ZIXI), Hill International (HIL) and TechTarget (TTGT).
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)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.
Consensus Ratings for Internap Corporation (NASDAQ:INAP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/11/2017 | Benchmark Co. | Reiterated Rating | Buy | $4.00 -> $5.00 | N/A |  |
| 3/10/2017 | Stifel Nicolaus | Upgrade | Hold -> Buy | $2.00 -> $5.50 | High | |
| 11/7/2016 | DA Davidson | Reiterated Rating | Hold | | N/A | |
| 8/8/2016 | Craig Hallum | Upgrade | Hold -> Buy | $3.50 | N/A | |
| 8/5/2016 | Drexel Hamilton | Set Price Target | Buy | $5.00 | N/A | |
| 2/22/2016 | Oppenheimer Holdings, Inc. | Reiterated Rating | Market Perform | | N/A | |
| 2/19/2016 | SunTrust Banks, Inc. | Lower Price Target | Neutral | $7.50 -> $3.00 | N/A | |
| 11/6/2015 | Cowen and Company | Boost Price Target | Market Perform | $8.00 -> $9.25 | N/A | |
| 10/2/2015 | Brean Capital | Lower Price Target | Buy | $9.50 | N/A | |
| 9/25/2015 | Wells Fargo & Company | Downgrade | Outperform -> Market Perform | | N/A | |
(Data available from 7/25/2015 forward)
Earnings History for Internap Corporation (NASDAQ:INAP)Earnings History by Quarter for Internap Corporation (NASDAQ INAP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 3/9/2017 | Q4 2016 | ($0.13) | ($0.11) | $73.46 million | $74.10 million | View | Listen | |
| 11/3/2016 | Q316 | ($0.13) | ($0.15) | $74.32 million | $73.90 million | View | N/A | |
| 8/4/2016 | Q216 | ($0.12) | ($0.14) | $76.61 million | $74.30 million | View | N/A | |
| 5/5/2016 | Q116 | ($0.23) | ($0.12) | $77.18 million | $75.92 million | View | N/A | |
| 2/18/2016 | Q415 | ($0.14) | ($0.14) | $81.56 million | $78.75 million | View | Listen | |
| 11/5/2015 | Q315 | ($0.20) | ($0.19) | $79.71 million | $78.31 million | View | N/A | |
| 8/4/2015 | Q215 | ($0.17) | ($0.20) | $81.32 million | $80.43 million | View | N/A | |
| 4/28/2015 | Q115 | ($0.15) | ($0.17) | $85.04 million | $80.78 million | View | N/A | |
| 2/19/2015 | Q414 | ($0.10) | ($0.10) | $84.50 million | $84.30 million | View | N/A | |
| 10/28/2014 | Q314 | ($0.12) | ($0.18) | $84.50 million | $84.67 million | View | N/A | |
| 7/29/2014 | Q214 | ($0.12) | ($0.15) | $83.60 million | $84.07 million | View | N/A | |
| 4/24/2014 | Q114 | ($0.07) | ($0.14) | $83.03 million | $81.90 million | View | N/A | |
| 2/20/2014 | Q413 | ($0.02) | ($0.09) | $70.75 million | $74.09 million | View | N/A | |
| 10/24/2013 | Q313 | ($0.03) | ($0.04) | $70.31 million | $69.60 million | View | N/A | |
| 7/25/2013 | Q2 2013 | ($0.01) | ($0.03) | $70.11 million | $69.98 million | View | N/A | |
| 2/21/2013 | Q4 2012 | $0.01 | $0.06 | $69.01 million | $69.70 million | View | N/A | |
| 10/25/2012 | | $0.02 | ($0.02) | | | View | N/A | |
| 7/26/2012 | | $0.02 | $0.01 | | | View | N/A | |
| 4/26/2012 | | | $0.03 | | | View | N/A | |
| 2/23/2012 | | ($0.02) | $0.01 | | | View | N/A | |
| 10/27/2011 | | | ($0.01) | | | View | N/A | |
| 7/28/2011 | | $0.01 | ($0.01) | | | View | N/A | |
| 4/28/2011 | | $0.02 | ($0.01) | | | View | N/A | |
| 2/24/2011 | | $0.01 | $0.05 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Internap Corporation (NASDAQ:INAP)2017 EPS Consensus Estimate: ($0.38)
2018 EPS Consensus Estimate: ($0.26)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.13) | ($0.13) | ($0.13) |
| Q2 2017 | 1 | ($0.09) | ($0.09) | ($0.09) |
| Q3 2017 | 1 | ($0.08) | ($0.08) | ($0.08) |
| Q4 2017 | 1 | ($0.08) | ($0.08) | ($0.08) |
| Q1 2018 | 1 | ($0.07) | ($0.07) | ($0.07) |
| Q2 2018 | 1 | ($0.08) | ($0.08) | ($0.08) |
| Q3 2018 | 1 | ($0.08) | ($0.08) | ($0.08) |
| Q4 2018 | 1 | ($0.03) | ($0.03) | ($0.03) |
(Data provided by Zacks Investment Research)
Dividend History for Internap Corporation (NASDAQ:INAP)
No dividend announcements for this company have been tracked by MarketBeat.com
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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 | |
| 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 | |
| 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 | |
| 2/23/2016 | Kevin M Dotts | CFO | Buy | 24,000 | $2.08 | $49,920.00 | |
| 2/23/2016 | Michael Ruffolo | CEO | Buy | 25,000 | $2.15 | $53,750.00 | |
| 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 | |
| 4/29/2014 | Debora Wilson | Director | Buy | 10,000 | $6.79 | $67,900.00 | |
| 3/14/2014 | Kevin Dotts | CFO | Buy | 10,000 | $7.34 | $73,400.00 | |
| 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)
Headline Trends for Internap Corporation (NASDAQ:INAP)
Latest Headlines for Internap Corporation (NASDAQ:INAP)
| Source: |
|
| Date | Headline |
|---|
 | Insider Selling: Internap Corporation (NASDAQ:INAP) Major Shareholder Sells 125,000 Shares of Stock
www.americanbankingnews.com - July 24 at 10:26 PM |
 | Perfect 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 |
 | Perfect World Renews Colocation and Performance IP™ Services in INAP's Boston Data Center
finance.yahoo.com - July 18 at 10:28 PM |
| Internap Corporation (INAP) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 18 at 5:31 PM |
| INAP to Release Second Quarter Financial Results on August 3, 2017
finance.yahoo.com - July 18 at 1:28 AM |
| Short Interest in Internap Corporation (NASDAQ:INAP) Grows By 52.8%
www.americanbankingnews.com - July 14 at 7:20 AM |
| $70.62 Million in Sales Expected for Internap Corporation (NASDAQ:INAP) This Quarter
www.americanbankingnews.com - July 8 at 7:36 AM |
 | BRIEF-INAP strategically expands with Digital Realty in Greater Phoenix
www.reuters.com - July 7 at 6:26 AM |
| Internap Corporation (NASDAQ:INAP) Lifted to Buy at BidaskClub
www.americanbankingnews.com - July 6 at 11:28 PM |
| Brokerages Expect Internap Corporation (INAP) Will Announce Earnings of -$0.07 Per Share
www.americanbankingnews.com - July 6 at 10:14 PM |
| Oscar-award Winning Visual Effect Studio Signs with INAP for ... - PR Newswire (press release)
www.prnewswire.com - June 28 at 7:22 PM |
| Oscar-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 |
| Internap Corporation (INAP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 2:51 PM |
| Analysts Anticipate Internap Corporation (INAP) Will Post Earnings of -$0.07 Per Share
www.americanbankingnews.com - June 15 at 2:06 PM |
| $70.62 Million in Sales Expected for Internap Corporation (INAP) This Quarter
www.americanbankingnews.com - June 14 at 9:36 AM |
| Brokerages Expect Internap Corporation (INAP) Will Announce Quarterly Sales of $70.62 Million
www.americanbankingnews.com - June 14 at 9:36 AM |
| Brokerages Expect Internap Corporation (INAP) to Post -$0.07 Earnings Per Share
www.americanbankingnews.com - June 13 at 12:52 AM |
 | Internap (INAP) Presents At Stifel Technology, Internet & Media Conference - Slideshow
seekingalpha.com - June 7 at 10:30 PM |
| Why Internap Corporation (INAP) Could Be Positioned for a Surge
finance.yahoo.com - May 31 at 10:53 PM |
| Peter J. Rogers, Jr. Acquires 15,280 Shares of Internap Corp (INAP) Stock
www.americanbankingnews.com - May 31 at 1:15 PM |
| Internap Corp (INAP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 29 at 2:58 PM |
| Internap Corp (INAP) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - May 28 at 7:02 PM |
| INAP to Present at Spring 2017 Investor Conferences - PR Newswire - PR Newswire (press release)
www.prnewswire.com - May 26 at 6:37 PM |
| INAP to Present at Spring 2017 Investor Conferences
finance.yahoo.com - May 26 at 2:20 AM |
| ETFs with exposure to Internap Corp. : May 25, 2017
finance.yahoo.com - May 26 at 2:20 AM |
| Internap Corp. :INAP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 24, 2017
finance.yahoo.com - May 24 at 11:33 AM |
| $70.62 Million in Sales Expected for Internap Corp (INAP) This Quarter
www.americanbankingnews.com - May 21 at 2:24 PM |
| Zacks: Analysts Anticipate Internap Corp (INAP) to Announce -$0.08 EPS
www.americanbankingnews.com - May 16 at 8:22 AM |
| Edited Transcript of INAP earnings conference call or presentation 9-May-17 12:30pm GMT
finance.yahoo.com - May 10 at 6:21 PM |
| Internap's (INAP) CEO Peter Aquino on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 9 at 5:40 PM |
| BRIEF-INAP sees full-year 2017 revenue between $275 mln-$285 mln
www.reuters.com - May 9 at 12:23 PM |
| INAP Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 9 at 12:23 PM |
| Investor Network: Internap Corporation to Host Earnings Call
finance.yahoo.com - May 9 at 12:23 PM |
| Internap Corp (INAP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 2:20 PM |
| Internap Corp (INAP) Receives Daily News Sentiment Rating of 0.03
www.americanbankingnews.com - May 1 at 7:32 PM |
| INAP to Release First Quarter Financial Results on May 9, 2017
finance.yahoo.com - April 28 at 6:53 PM |
| Internap Corp (INAP) Expected to Announce Quarterly Sales of $71.84 Million
www.americanbankingnews.com - April 27 at 11:53 AM |
| Positive Press Coverage Extremely Likely to Impact Internap Corp (INAP) Share Price
www.americanbankingnews.com - April 27 at 10:34 AM |
| Zacks: Analysts Expect Internap Corp (INAP) to Post -$0.10 Earnings Per Share
www.americanbankingnews.com - April 25 at 5:22 PM |
| Internap Corp (INAP) Receiving Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 6:04 PM |
| Somewhat Favorable Press Coverage Extremely Likely to Affect Internap Corp (INAP) Share Price
www.americanbankingnews.com - April 18 at 12:15 AM |
| Internap Corp (INAP) Receives Daily News Impact Rating of 0.04
www.americanbankingnews.com - April 14 at 6:52 PM |
| Internap Corp (INAP) Short Interest Update
www.americanbankingnews.com - April 13 at 7:32 AM |
| INAP Signs Customized Colocation and Network Agreement in the Company's Flagship Dallas Data Center
finance.yahoo.com - April 11 at 11:53 AM |
| INAP Successfully Completes $300M Senior Secured Debt Refinancing
finance.yahoo.com - April 7 at 10:27 AM |
| Increased Earnings Estimates Seen for Internap (INAP): Can It Move Higher?
finance.yahoo.com - March 24 at 9:41 AM |
| 3 Reasons Why Internap (INAP) is a Great Momentum Stock
finance.yahoo.com - March 23 at 6:29 PM |
| Bull Of The Day: Internap (INAP)
finance.yahoo.com - March 22 at 9:58 AM |
| Internap Corp (INAP) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - March 19 at 7:01 PM |
| INTERNAP CORP Financials
finance.yahoo.com - March 17 at 6:06 PM |
Internap Corporation (INAP) Chart for Tuesday, July, 25, 2017
