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Internap Network (INAP) Crumbles: Stock Falls by 5.2%

Zacks Equity Research

Internap Network Services Corp. (INAP) saw a big move on Friday, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for INAP, as the stock is now down over 5% in the past one-month time frame.

The company which provides information technology (IT) infrastructure services, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no movements in either side, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

INAP currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include Conversant, Inc. (CNVR), Facebook, Inc. (FB) and Interxion Holding NV (INXN). All these stocks hold a Zacks Rank #1 (Strong Buy).

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