Internap Corporation (NASDAQ:INAP):
Internap CloudOption Service Delivers High-Speed Interconnectivity to Third-Party Vendor Clouds.
The company is up by 2.86 percent from yesterday’s close.
Shares last traded at $1.80 just a bit lower than $2.11, the 50 day moving average and which is a tad under the 200 day moving average of $2.31. The 50 day moving average was down $-0.27 or -12.89% and the 200 day average moved down $-0.47.
As of the latest earnings report the EPS was $-0.88 and is projected to be $-0.49 for the current year with 52,062,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.10 with next year’s EPS anticipated to be $-0.44.
Investors are more bearish on shares of Internap Corporation if you pay attention to the change in short interest. The stock had a rise in short interest of 4.20% as of September 15, 2016 from the last reporting period. Short interest increased from 348,142 to 1,809,443 over that timeframe. Days to cover increased from 1.1 to 4.9 and the percentage of shorted shares was 0.03% on September 15.
Several brokerage analysts have released opinions on Internap Corporation. January 11 investment analysts at DA Davidson made no change to the stock rating of “Neutral” and lowered the price target to $6.50 from $7.50. SunTrust Robinson Humphrey added the stock to its research portfolio with a rating of “Neutral” and establishing a price target of $7.50.
On September 25, 2015 the stock rating was changed to a “Market Perform” according to a Oppenheimer report which was a cut from the previous “Outperform” rating. On June 19, 2015 Oppenheimer began coverage of INAP setting a rating of “Outperform” and a price target of $11.00.
On June 18 analysts at Oppenheimer started covering INAP by announcing an initial rating of “Outperform” and price target of $11.00. On June 5, 2015 Cowen & Company maintained a price objective of $11.00 and cut the company to Market Perform from .