Analysts expect that Internap (NASDAQ:INAP) will report earnings of ($0.60) per share for the current quarter, Zacks reports. Three analysts have made estimates for Internap’s earnings. Internap reported earnings per share of ($0.32) in the same quarter last year, which would indicate a negative year over year growth rate of 87.5%. The company is expected to report its next earnings report on Wednesday, May 9th.
Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Internap.
Internap (NASDAQ:INAP) last posted its earnings results on Thursday, March 8th. The information technology services provider reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.27. Internap had a negative return on equity of 271.76% and a negative net margin of 16.15%. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $68.48 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis.
NASDAQ:INAP opened at $10.94 on Friday. Internap has a 52 week low of $10.34 and a 52 week high of $22.36. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of -496.68. The firm has a market capitalization of $222.07, a price-to-earnings ratio of -7.06 and a beta of 2.02.
Several hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in shares of Internap in the 4th quarter valued at $159,000. Engineers Gate Manager LP raised its holdings in shares of Internap by 54.0% in the 3rd quarter. Engineers Gate Manager LP now owns 76,235 shares of the information technology services provider’s stock valued at $332,000 after buying an additional 26,739 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Internap by 53.3% in the 3rd quarter. Wells Fargo & Company MN now owns 91,411 shares of the information technology services provider’s stock valued at $397,000 after buying an additional 31,789 shares during the period. ACG Wealth purchased a new stake in shares of Internap in the 4th quarter valued at $604,000. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Internap by 113.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 92,300 shares of the information technology services provider’s stock valued at $401,000 after buying an additional 49,100 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “-$0.60 EPS Expected for Internap (INAP) This Quarter” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3338090/0-60-eps-expected-for-internap-inap-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Internap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internap and related companies with MarketBeat.com's FREE daily email newsletter.