UPDATE: Burke & Quick Partners Reiterates On InterNAP Network Services Following Solid 3Q14 Results

In a report published Thursday, Burke & Quick Partners analyst Frederick W. Moran reiterated an Outperform rating on

, and raised the price target from $9.00 to $10.00. In the report, Burke & Quick Partners noted, “InterNAP (INAP) reported accelerating growth and expanding margins in its 3Q14 financial results and guided to higher than expected 4Q14 EBITDA. On the investor conference call management confirmed they believe that the new margin levels can be sustained and extended further. We believe that the operations of Internap are at an inflection point which will springboard margins over the next several quarters. We are raising our 2015E EBITDA from $86 million to $90 million and our price target from $9 to $10. Growth has been accelerating thanks to new data center launches and the acquisitions of iWeb. At only a 60% Data Center utilization rate, Internap has room to meaningfully add customers without spending heavily on facilities expansion.” InterNAP Network Services closed on Wednesday at $7.39.