Internap Corporation (INAP) Receives Analyst Rating

Internap Corporation (INAP) : 3 brokerage houses believe that Internap Corporation (INAP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Internap Corporation (INAP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Internap Corporation (INAP) : The highest short term price target forecast on Internap Corporation (INAP) is $8 and the lowest target price is $2. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $3.96 with a standard deviation of $1.99.


Also, In a research note released to the investors, Craig-Hallum upgrades its rating on Internap Corporation (NASDAQ:INAP).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 8, 2016.

Internap Corporation (NASDAQ:INAP): The stock opened in the green at $1.89 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.89 and a low of $1.73 for the day. The stock did not find buyers even at the lows and closed at $1.75 recording a loss of -6.91%. 814,360 shares exchanged hands during the trading day. The stock had closed at $1.88 in the previous days trading.

Internap Corporation, formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two business segments: Data Center Services segment and Internet Protocol Services segment. Data Center Services segment includes colocation, hosting and cloud services. Internet Protocol (IP) Services segment includes its patented Performance IP service, content delivery network (CDN) services and IP routing hardware and software platform. It provides hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services. The Company offers its services to industries, including software and Internet, which include advertising technology; media and entertainment, including gaming; business services; hosting and information technology (IT) infrastructure; health care technology infrastructure, and telecommunications.

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