Stifel Downgrades Internap Network (INAP) to Hold
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Internap Network Services Corp (INAP) Reports In-Line Q4 EPS, Accelerates Business Unit Realignment and Updates Strategic Review Proces
February 18, 2016 4:30 PM ESTInternap Network Services Corp (NASDAQ: INAP) reported Q4 EPS of ($0.14), in-line with the analyst estimate of ($0.14). Revenue for the quarter came in at $78.76 million versus the consensus estimate of $81.63 million.
GUIDANCE:
Internap Network Services Corp sees FY2016 revenue of $310-320 million, versus the consensus of $338.4 million.
Adjusted EBITDA $80 million - $90 millionCapital Expenditures $40 million - $50 millionBusiness Realignment and Strategic Review Process
Internap today also announced steps to accelerate its transition into two distinct business units: Data Center and Network Services and Cloud and Hosting... More
