Benchmark Starts Internap Network (INAP) at Buy; Growth Inflection; Potential Takeover Candidate
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Price: $0.09 --0%
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 2 | New: 1
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 2 | New: 1
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Benchmark initiates coverage on Internap Network (NASDAQ: INAP) with a Buy. PT $8.
Benchmark analyst says, "Internap is a small-cap datacenter and IP transit company, exiting an almost two-year turnaround process. Internap’s operating performance improved steadily through 2010 and Internap should return to growth this year. With strategic assets and a measured valuation of 8x 2011E EBITDA, the risk/reward appears attractive."
"Internap is a potential takeover candidate as telecom companies look to broaden their services for enterprises and enhance growth. Recent transactions indicate significant strategic value, which implies limited risk at the current valuation."
For more ratings news on Internap Network click here and for the rating history of Internap Network click here.
Shares of Internap Network closed at $6.91 yesterday.
Benchmark analyst says, "Internap is a small-cap datacenter and IP transit company, exiting an almost two-year turnaround process. Internap’s operating performance improved steadily through 2010 and Internap should return to growth this year. With strategic assets and a measured valuation of 8x 2011E EBITDA, the risk/reward appears attractive."
"Internap is a potential takeover candidate as telecom companies look to broaden their services for enterprises and enhance growth. Recent transactions indicate significant strategic value, which implies limited risk at the current valuation."
For more ratings news on Internap Network click here and for the rating history of Internap Network click here.
Shares of Internap Network closed at $6.91 yesterday.
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