InterNAP Network Services Corp. (NASDAQ:INAP)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark Co. in a note issued to investors on Monday, StockRatingsNetwork.com reports.
The analysts wrote, “We recently hosted Internap (INAP-Buy, PT $12) in Philadelphia. Our meetings reinforced our conviction in the story and highlighted three key points: 1) INAP should experience accelerating revenue growth and expanding margins beginning in 1Q14; 2) the Company could reach two key inflection points over the next 12-18 months – core datacenter revenues eclipsing 50% of total company revenues and free cash flow after expansion CapEx reaching breakeven; 3) despite recent modest multiple compression in the space, valuation appears compelling at just 6.5x 2014E EV/EBITDA, supported by recent acquisitions at 10-12x.”
InterNAP Network Services Corp. (NASDAQ:INAP) traded up 0.57% on Monday, hitting $7.02. The stock had a trading volume of 83,295 shares. InterNAP Network Services Corp. has a 1-year low of $5.52 and a 1-year high of $9.60. The stock’s 50-day moving average is $7.4 and its 200-day moving average is $8.17. The company’s market cap is $357.0 million.
InterNAP Network Services Corp. (NASDAQ:INAP) last released its earnings data on Thursday, July 25th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.02. The company had revenue of $69.98 million for the quarter, compared to the consensus estimate of $70.11 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that InterNAP Network Services Corp. will post $-0.07 earnings per share for the current fiscal year.
InterNAP Network Services Corporation provides Internet connectivity solutions. The Company offers route control technology and IP solutions for business-critical applications such as e-commerce, video and audio streaming, voice-over Internet protocol (NASDAQ:INAP), virtual private networks and supply chain management.