Equities research analysts forecast that Internap (NASDAQ:INAP) will announce earnings of ($0.60) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Internap’s earnings. Internap posted earnings per share of ($0.32) during the same quarter last year, which would indicate a negative year-over-year growth rate of 87.5%. The company is scheduled to issue its next earnings report on Wednesday, May 9th.
Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Internap.
Internap (NASDAQ:INAP) last released its earnings results on Thursday, March 8th. The information technology services provider reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.27. Internap had a negative net margin of 16.15% and a negative return on equity of 271.76%. The company had revenue of $70.00 million for the quarter, compared to analysts’ expectations of $68.48 million. During the same quarter in the previous year, the company earned ($0.11) EPS. Internap’s revenue for the quarter was down 5.5% on a year-over-year basis.
INAP stock traded up $0.59 on Wednesday, hitting $11.84. 251,865 shares of the company were exchanged, compared to its average volume of 241,780. The company has a debt-to-equity ratio of -496.68, a quick ratio of 0.64 and a current ratio of 0.64. Internap has a 52 week low of $10.34 and a 52 week high of $22.36. The stock has a market cap of $225.69, a PE ratio of -4.82 and a beta of 1.98.
Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Internap in the 4th quarter worth $159,000. Voya Investment Management LLC purchased a new stake in Internap in the 2nd quarter worth $133,000. ACG Wealth purchased a new stake in Internap in the 4th quarter worth $604,000. NEXT Financial Group Inc purchased a new stake in Internap in the 3rd quarter worth $242,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Internap in the 2nd quarter worth $191,000. Institutional investors and hedge funds own 86.20% of the company’s stock.
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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.
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