Analysts Have Been Trimming Their Internap Corporation Price Target After Its Latest Report [Yahoo! Finance News]
INTERNAP CORP COMMON (INAP)
Last internap corp common earnings: 11/12 07:30 am
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Source: Yahoo! Finance News
Analysts Have Been Trimming Their Internap Corporation Price Target After Its Latest Report It's been a mediocre week for Internap Corporation NASDAQ:INAP See our latest analysis for Internap Taking into account the latest results, Internap's five analysts currently expect revenues in 2020 to be US$296.3m, approximately in line with the last 12 months. Per-share losses are expected to see a sharp uptick, reaching US$2.81. Before this earnings announcement, analysts had been forecasting revenues of US$310.3m and losses of US$2.39 per share in 2020. Analysts seem less optimistic after the recent results, reducing their sales forecasts and making a real cut to earnings per share forecasts. The consensus price target fell 33% to US$5.83, with analysts clearly concerned about the company following the weaker revenue and earnings outlook. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some
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