Craig-Hallum Upgrades Internap Network (INAP) to Buy

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Internap Reports Second Quarter 2016 Financial Results

August 4, 2016 4:05 PM EDT

ATLANTA, Aug. 4, 2016 /PRNewswire/ -- Internap Corporation (NASDAQ: INAP), a provider of high-performance Internet infrastructure services, today announced financial results for the second quarter of 2016.

"We are pleased with the improvement in adjusted EBITDA margin, driven by improved operational efficiencies as a result of the organizational structure changes made in the first quarter. As we previously communicated, churn from a small number of large customers impacted our revenue performance in the second quarter of 2016. We did see revenue begin to stabilize in the second quarter as the major churn events... More