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
Stock Exchange NASDAQ
Industry Computer programming, data processing, & other computer related
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:INAP
Previous Symbol
CUSIP45885A30
Phone404-302-9700
Debt
Debt-to-Equity Ratio72.60
Current Ratio0.58
Quick Ratio0.58
Price-To-Earnings
Trailing P/E Ratio-3.19
Forward P/E Ratio-1.91
P/E GrowthN/A
Sales & Book Value
Annual Sales$280.72 million
Price / Sales0.45
Cash Flow$2.1478 per share
Price / Cash Flow2.30
Book Value($0.05) per share
Price / Book-98.80
Profitability
EPS (Most Recent Fiscal Year)($1.55)
Net Income$-45,340,000.00
Net Margins-16.18%
Return on Equity-2,471.65%
Return on Assets-7.11%
Miscellaneous
Employees503
Outstanding Shares25,510,000
Market Cap$135.22 million
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?
Shares of Internap reverse split on the morning of 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) issued its quarterly earnings data on Thursday, November, 1st. The information technology services provider reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.51) by $0.24. The information technology services provider earned $82.97 million during the quarter, compared to analyst estimates of $82.80 million. Internap had a negative net margin of 16.18% and a negative return on equity of 2,471.65%. Internap's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. View Internap's Earnings History.
When is Internap's next earnings date?
What guidance has Internap issued on next quarter's earnings?
Internap updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $320-324 million, compared to the consensus revenue estimate of $323.39 million.
What price target have analysts set for INAP?
5 brokers have issued 1-year price objectives for Internap's shares. Their forecasts range from $7.50 to $28.00. On average, they anticipate Internap's share price to reach $15.90 in the next year. This suggests a possible upside of 221.9% from the stock's current price. View Analyst Price Targets for Internap.
What is the consensus analysts' recommendation for Internap?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Internap in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (10/31/2018)
- 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)
Has Internap been receiving favorable news coverage?
News headlines about INAP stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Internap earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave press coverage about the information technology services provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company'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), GigaMedia (GIGM), Autoweb (AUTO), Chinanet Online (CNET), MassRoots (MSRT), Professional Diversity Network (IPDN), Infinite Group (IMCI), FunctionX (FNCX), Blue Sphere (BLSP) and DecisionPoint Systems (DPSI).
Who are Internap's key executives?
Internap's management team includes the folowing people:
- Mr. Peter D. Aquino, Pres, CEO & Director (Age 57)
- 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)
- Mr. James C. Keeley, Chief Financial Officer (Age 52)
Who are Internap's major shareholders?
Internap's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gabelli Funds LLC (10.93%), Gamco Investors INC. ET AL (10.41%), BlackRock Inc. (4.94%), Vanguard Group Inc. (3.53%), Dimensional Fund Advisors LP (2.83%) and Emerald Mutual Fund Advisers Trust (2.50%). Company insiders that own Internap stock include Debora J Wilson, Gamco Investors, Inc Et Al, 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 BlackRock Inc., Gamco Investors INC. ET AL, Gabelli Funds LLC, GSA Capital Partners LLP, Connor Clark & Lunn Investment Management Ltd., Renaissance Technologies LLC, Teton Advisors Inc. and Emerald Advisers Inc. PA. 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 Marshall Wace LLP, Dimensional Fund Advisors LP, Vanguard Group Inc., Emerald Mutual Fund Advisers Trust, JPMorgan Chase & Co., Dynamic Technology Lab Private Ltd and MetLife Investment Advisors 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 $4.94.
How big of a company is Internap?
Internap has a market capitalization of $135.22 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.
