Loading...
Loading...
In a report published Monday, Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating and $12.00 price target on
InterNAP Network ServicesINAP.
In the report, Benchmark Company noted, “We recently hosted Internap (INAP-Buy, PT $12) in Philadelphia. Our meetings reinforced our conviction in the story and highlighted three key points: 1) INAP should experience accelerating revenue growth and expanding margins beginning in 1Q14; 2) the Company could reach two key inflection points over the next 12-18 months - core datacenter revenues eclipsing 50% of total company revenues and free cash flow after expansion CapEx reaching breakeven; 3) despite recent modest multiple compression in the space, valuation appears compelling at just 6.5x 2014E EV/EBITDA, supported by recent acquisitions at 10-12x.”
InterNAP Network Services closed on Friday at $6.98.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in