About Internap (NASDAQ:INAP)
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
Industry COMPUTER SOFT/SERV
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Trailing P/E Ratio-5.51464435146444
Forward P/E Ratio-6.90
Sales & Book Value
Annual Sales$280.72 million
Price / Sales0.94
Cash Flow$4.01 per share
Price / Cash3.29
Book Value($0.26) per share
Price / Book-50.69
Return on Equity-199.09%
Return on Assets-5.73%
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 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) announced its earnings results on Thursday, March, 8th. The information technology services provider reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.27. The information technology services provider earned $70 million during the quarter, compared to the consensus estimate of $68.48 million. Internap had a negative return on equity of 199.09% and a negative net margin of 16.15%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. View Internap's Earnings History.
When will Internap make its next earnings announcement?
Where is Internap's stock going? Where will Internap's stock price be in 2018?
2 analysts have issued 1 year price objectives for Internap's shares. Their predictions 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. " (3/14/2018)
- 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 Castlight Health (CSLT), Limelight Networks (LLNW), Synchronoss Technologies (SNCR), Mobileiron (MOBL), Sapiens International (SPNS), PDF Solutions (PDFS), The Keyw (KEYW), American Software (AMSWA), Magic Software Enterprises (MGIC), ServiceSource (SREV), MiX Telematics (MIXT), Gravity (GRVY), Rosetta Stone (RST), Simulations Plus (SLP), China Distance Education (DL), Amber Road (AMBR), Cogint (COGT) and Brightcove (BCOV).
Who are Internap's key executives?
Internap's management team includes the folowing people:
- Peter D. Aquino, President, Chief Executive Officer, Director (Age 55)
- Robert M. Dennerlein, Chief Financial Officer (Age 57)
- Richard P. Diegnan Jr., Senior Vice President, General Counsel, Corporate Secretary (Age 47)
- Mike Higgins, Senior Vice President - Business Development
- Joanna Lanni, Principal Accounting Officer, Vice President, Corporate Controller (Age 48)
- Patricia Watkins, Vice President - Global Channel Sales
- Peter G. Bell, Senior Vice President - Global Sales (Age 51)
- Daniel C. Stanzione Ph.D., Non-Executive Independent Chairman of the Board (Age 71)
- Charles B. Coe, Independent Director (Age 68)
- Patricia L. Higgins, Independent Director (Age 67)
Has Internap been receiving favorable news coverage?
News headlines about INAP stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Internap earned a news sentiment score of 0.12 on Accern's scale. They also gave news articles about the information technology services provider an impact score of 44.94 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 (10.02%), Gamco Investors INC. ET AL (9.42%), Avenir Corp (8.37%), BlackRock Inc. (6.25%),
PORTOLAN CAPITAL MANAGEMENT, LLC
(5.35%) and Park West Asset Management LLC (4.71%). Company insiders that own Internap stock include Corp Avenir, Daniel Stanzione, Gamco Investors, Inc Et Al, Park West Asset Management Llc and Peter J Rogers Jr. View Institutional Ownership Trends for Internap.
Which institutional 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, Gabelli Funds LLC, Avenir Corp, Gamco Investors INC. ET AL, BlackRock Inc., Renaissance Technologies LLC, Emerald Advisers Inc. PA and Teton Advisors Inc.. View Insider Buying and Selling for Internap.
Which institutional investors are buying Internap stock?
INAP stock was acquired by a variety of institutional investors in the last quarter, including Cortina Asset Management LLC, Driehaus Capital Management LLC, ACG Wealth and MetLife Investment Advisors LLC. Company insiders that have bought Internap stock in the last two years include Daniel Stanzione and Peter J Rogers Jr. 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 $13.18.
How big of a company is Internap?
Internap has a market capitalization of $264.40 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 ($2.39) on an earnings per share basis. Internap employs 530 workers across the globe.
How can I contact Internap?
Internap's mailing address is ONE RAVINIA DRIVE SUITE 1300, ATLANTA GA, 30346. 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 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.
Internap (NASDAQ:INAP) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Strong Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||3.50||3.33||3.33||3.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
0 Hold Rating(s)
1 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
0 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
2 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$28.00||$26.00||$24.67||$23.33|
|Price Target Upside: ||112.44% upside||52.76% upside||48.95% upside||46.57% upside|
Internap (NASDAQ:INAP) Consensus Price Target History
Internap (NASDAQ:INAP) Analyst Ratings History
(Data available from 3/19/2016 forward)
Internap (NASDAQ:INAP) Earnings History and Estimates Chart
Internap (NASDAQ INAP) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/9/2018|| || || || || || || || |
|3/8/2018||Q4 2017||($0.60)||($0.33)||$68.48 million||$70.00 million||View||N/A|
|11/2/2017||Q3 2017||($0.40)||($0.56)||$69.10 million||$68.91 million||View||N/A|
|8/3/2017||Q2 2017||($0.28)||($0.32)||$70.59 million||$69.64 million||View||Listen|
|5/10/2017||Q1 2017||($0.40)||($0.36)||$71.84 million||$72.13 million||View||N/A|
|3/9/2017||Q4 2016||($0.52)||($0.44)||$73.46 million||$74.10 million||View||Listen|
|11/3/2016||Q316||($0.52)||($0.60)||$74.32 million||$73.90 million||View||N/A|
|8/4/2016||Q216||($0.48)||($0.56)||$76.61 million||$74.30 million||View||N/A|
|5/5/2016||Q116||($0.92)||($0.48)||$77.18 million||$75.92 million||View||N/A|
|2/18/2016||Q415||($0.56)||($0.56)||$81.56 million||$78.75 million||View||Listen|
|11/5/2015||Q315||($0.80)||($0.76)||$79.71 million||$78.31 million||View||N/A|
|8/4/2015||Q215||($0.68)||($0.80)||$81.32 million||$80.43 million||View||N/A|
|4/28/2015||Q115||($0.60)||($0.68)||$85.04 million||$80.78 million||View||N/A|
|2/19/2015||Q414||($0.40)||($0.40)||$84.50 million||$84.30 million||View||N/A|
|10/28/2014||Q314||($0.48)||($0.72)||$84.50 million||$84.67 million||View||N/A|
|7/29/2014||Q214||($0.48)||($0.60)||$83.60 million||$84.07 million||View||N/A|
|4/24/2014||Q114||($0.28)||($0.56)||$83.03 million||$81.90 million||View||N/A|
|2/20/2014||Q413||($0.08)||($0.36)||$70.75 million||$74.09 million||View||N/A|
|10/24/2013||Q313||($0.12)||($0.16)||$70.31 million||$69.60 million||View||N/A|
|7/25/2013||Q2 2013||($0.04)||($0.12)||$70.11 million||$69.98 million||View||N/A|
|4/25/2013||Q1 2013||($0.04)||($0.08)||$69.61 million||$69.70 million||View||N/A|
|2/21/2013||Q4 2012||$0.04||$0.24||$69.01 million||$69.70 million||View||N/A|
Internap (NASDAQ:INAP) Earnings Estimates
2018 EPS Consensus Estimate: ($0.26)
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Internap (NASDAQ:INAP)
No dividend announcements for this company have been tracked by MarketBeat.com
Internap (NASDAQ INAP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.71%
Institutional Ownership Percentage: 84.10%
Internap (NASDAQ INAP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
Internap (NASDAQ INAP) News Headlines
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 Monday, March, 19, 2018