Internap Network (INAP) PT Lowered to $15 at Raymond James

INAP Reports Fourth Quarter 2018 Financial Results

Full Year 2018 Results Revenue of $317.4 Million, Increased 13.1% Year-over-YearINAP Completed Two Transactions in 2018: Acquisition of SingleHop to Upgrade Managed Services Offering; and a New Flagship Data Center in Phoenix GAAP Net Loss Attributable to INAP Shareholders of $(62.5) Million, or $(3.01) Per ShareAdjusted EBITDA of $111.3 Million, Increased 20.7% Year-over-Year; Continued Adjusted EBITDA Margin Expansion of 220 basis points from 32.9% to 35.1% for the full yearCash Flow from Operations of $34.6 Million, Capital Expenditures of $41.8 MillionINAP Completes Transformative 2-Year Data Center Portfolio Rationalization and Enhancement  Fourth Quarter 2018... More