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 points of presence 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 Reston, Virginia.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Phone404-302-9700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$280.72 million
Profitability
Miscellaneous
Employees503
OptionableOptionable
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?
Internap shares reverse split 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 Corp (NASDAQ:INAP) announced its quarterly earnings results on Thursday, August, 2nd. The information technology services provider reported ($0.47) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.69) by $0.22. The information technology services provider earned $81.96 million during the quarter, compared to analyst estimates of $81.76 million. Internap had a negative net margin of 16.18% and a negative return on equity of 2,471.65%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) EPS. View Internap's Earnings History.
When is Internap's next earnings date?
What price target have analysts set for INAP?
4 analysts have issued twelve-month target prices for Internap's shares. Their forecasts range from $7.50 to $15.00. On average, they anticipate Internap's stock price to reach $11.3750 in the next year. This suggests a possible upside of 78.0% from the stock's current price. View Analyst Price Targets for Internap.
What is the consensus analysts' recommendation for Internap?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Internap in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Internap.
Has Internap been receiving favorable news coverage?
News coverage about INAP stock has been trending negative this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Internap earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned media stories about the information technology services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Internap's key competitors?
Some companies that are related to Internap include Model N (MODN), Pintec Technology (PT), Cardlytics (CDLX), The Rubicon Project (RUBI), Synacor (SYNC), Sify Technologies (SIFY), Autoweb (AUTO), GigaMedia (GIGM), Chinanet Online (CNET), MassRoots (MSRT), Professional Diversity Network (IPDN), FunctionX (FNCX), Infinite Group (IMCI), DecisionPoint Systems (DPSI) and Blue Sphere (BLSP).
Who are Internap's key executives?
Internap's management team includes the folowing people:
- Mr. Peter D. Aquino, Pres, CEO & Director (Age 58)
- Mr. Andrew G. Day, Exec. VP & Chief Operating Officer (Age 53)
- Mr. Richard P. Diegnan Jr., Exec. VP, Gen. Counsel & Corp. Sec. (Age 50)
- Mr. James C. Keeley, Exec. VP, CFO & Head of IT (Age 53)
- Ms. Joanna E. Lanni, VP, Corp. Controller & Principal Accounting Officer (Age 49)
Who are Internap's major shareholders?
Internap's stock is owned by many different of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (11.72%), Gabelli Funds LLC (11.43%), BlackRock Inc. (5.73%), Avenir Corp (5.12%), Portolan Capital Management LLC (3.51%) and Dimensional Fund Advisors LP (2.79%). Company insiders that own Internap stock include Debora J Wilson, Gary M Pfeiffer, Park West Asset Management Llc, Peter D Aquino, 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 Portolan Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., GSA Capital Partners LLP, New York State Common Retirement Fund, Emerald Advisers LLC, Raymond James & Associates, Dimensional Fund Advisors LP and Pinnacle Associates Ltd.. View Insider Buying and Selling for Internap.
Which major investors are buying Internap stock?
INAP stock was purchased by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Gabelli Funds LLC, Avenir Corp, BlackRock Inc., Two Sigma Investments LP, Teton Advisors Inc., Assenagon Asset Management S.A. and Millennium Management LLC. Company insiders that have bought Internap stock in the last two years include Debora J Wilson, Gary M Pfeiffer, Peter D Aquino, 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 $6.39.
How big of a company is Internap?
Internap has a market capitalization of $163.03 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.
What is Internap's official website?
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 (NASDAQ 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.
