Internap Network Services Stock Gaps Down On Today's Open (INAP)

NEW YORK ( TheStreet) -- Shares of Internap Network Services Corporation (Nasdaq: INAP) were gapping down Friday morning with an open price 14.2% lower than Thursday's closing price. The stock closed at $8.22 Thursday and opened today's trading at $7.05.

The average volume for Internap Network Services has been 426,300 shares per day over the past 30 days. Internap Network Services has a market cap of $414.5 million and is part of the technology sector and internet industry. Shares are up 35.2% year to date as of the close of trading on Thursday.

Internap Network Services Corporation provides information technology (IT) infrastructure services. The company operates through two segments, Data Center Services and IP Services.

TheStreet Ratings rates Internap Network Services as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Internap Network Services Ratings Report.

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