Stifel Downgrades Internap Network (INAP) to Hold
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Internap Reports Record High Annual and Quarterly Adjusted EBITDA and Adjusted EBITDA Margin
February 18, 2016 4:02 PM ESTATLANTA, Feb. 18, 2016 /PRNewswire/ --Â Internap Corporation (NASDAQ: INAP), a provider of high-performance Internet infrastructure services, today announced financial results for the fourth quarter and full-year of 2015.
"We returned to sequential revenue growth in the fourth quarter that resulted in our highest adjusted EBITDA quarter in 2015 as our company-wide growth initiatives continue to yield improvements. We gained positive operating momentum throughout the second-half of 2015 with fourth quarter bookings higher than third quarter bookings and fourth quarter churn rate the lowest level in six quarters. The improved execution of our strategy... More
