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Internap Corp (INAP.OQ)

INAP.OQ on NASDAQ Stock Exchange Global Select Market

3.99USD
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Internap Corp Provides 2019 Outlook With Enhanced Data Center Portfolio
Tuesday, 18 Dec 2018 04:05pm EST 

Dec 18 (Reuters) - Internap Corp ::INAP PROVIDES 2019 OUTLOOK WITH ENHANCED DATA CENTER PORTFOLIO.SEES FY 2019 REVENUE $325 MILLION TO $335 MILLION.SEES 2019 OUTLOOK FOR GAAP NET LOSS OF $37 MILLION - $47 MILLION.BOARD AUTHORIZES INITIAL $5 MILLION, SHARE REPURCHASE PROGRAM.SEES 2019 CAPITAL EXPENDITURES APPROXIMATELY $40 MILLION WITH $10 MILLION RESERVE.FULL-YEAR 2018 REVENUE IS EXPECTED TO BE WITHIN OUTLOOK RANGE OF $320 MILLION TO $324 MILLION.INTERNAP-SEES VOLUNTARY DATA CENTER,POP ASSET CLOSURES TO CUT ANNUAL REVENUE BY ABOUT $10 MILLION, STARTING PARTIALLY IN Q418, & REACHING NEW BASELINE IN Q119.  Full Article

Internap Reports Q3 2018 Results
Thursday, 1 Nov 2018 07:00am EDT 

Nov 1 (Reuters) - Internap Corp ::INAP REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 GAAP LOSS PER SHARE $0.75.Q3 REVENUE $83 MILLION VERSUS I/B/E/S VIEW $83 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.43 -- THOMSON REUTERS I/B/E/S.SEES FY REVENUE $320 MILLION - $330 MILLION.FY2018 REVENUE VIEW $323.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Inap’S Subsidiary Iweb Technologies Inc. Renews Multi-Year Agreement With One Of Canada’S Largest Pension Investment Managers
Monday, 17 Sep 2018 08:00am EDT 

Sept 17 (Reuters) - Internap Corp ::INAP’S SUBSIDIARY IWEB TECHNOLOGIES INC. RENEWS MULTI-YEAR AGREEMENT WITH ONE OF CANADA’S LARGEST PENSION INVESTMENT MANAGERS.INTERNAP CORP - UNDER TERMS OF DEAL, IWEB WILL PROVIDE ROBUST CONNECTIVITY, GUARANTEED 100% POWER UPTIME AND NETWORK ACCESS.  Full Article

INAP Announces Chief Financial Officer Transition
Monday, 14 May 2018 07:00am EDT 

May 14 (Reuters) - Internap Corp ::INAP ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.ROBERT M. DENNERLEIN IS STEPPING DOWN AS CHIEF FINANCIAL OFFICER.ROBERT M. DENNERLEIN WILL CONTINUE TO SERVE AS INAP'S CHIEF FINANCIAL OFFICER UNTIL RETENTION OF HIS SUCCESSOR.  Full Article

Internap Is Approaching Existing Lenders To Approve Reduction Of First Lien Term Loan's Pricing With No Change To 1.00% LIBOR Floor Or Maturity‍​
Monday, 19 Mar 2018 09:10am EDT 

March 19 (Reuters) - Internap Corp ::INTERNAP - IS APPROACHING EXISTING LENDERS TO APPROVE REDUCTION OF FIRST LIEN TERM LOAN'S PRICING WITH NO CHANGE TO 1.00% LIBOR FLOOR OR MATURITY‍​.  Full Article

INAP Reports Q4 GAAP Loss Per Share $0.35
Thursday, 8 Mar 2018 07:00am EST 

March 8 (Reuters) - Internap Corp ::INAP REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS.Q4 GAAP LOSS PER SHARE $0.35.Q4 REVENUE FELL 5.5 PERCENT TO $70 MILLION.SEES ‍CAPITAL EXPENDITURES OF $40 MILLION -$45 MILLION​ FOR FY18.  Full Article

INAP Sees FY 2017 Revenue $280 Mln
Monday, 5 Mar 2018 08:00am EST 

March 5 (Reuters) - Internap Corp ::INAP ANNOUNCES OUTLOOK FOR 2018.SEES FY 2018 REVENUE $320 MILLION TO $330 MILLION.Q4 REVENUE $70 MILLION.SEES FY 2017 REVENUE $280 MILLION.CAPITAL EXPENDITURES IN 2017 ARE EXPECTED TO BE WITHIN REDUCED RANGE OF $32 MILLION TO $37 MILLION.SAYS FY 2018 CAPITAL EXPENDITURES CURRENTLY TARGETED TO RANGE BETWEEN $40 MILLION AND $45 MILLION WITH SINGLEHOP INCLUDED.‍ADJUSTED EBITDA IS EXPECTED TO INCREASE SIGNIFICANTLY TO RANGE OF $105 MILLION TO $115 MILLION IN 2018​.  Full Article

Internap Says Entered Into Incremental And Third Amendment To Credit Agreement
Thursday, 1 Mar 2018 08:22am EST 

March 1 (Reuters) - Internap Corp ::INTERNAP SAYS ENTERED INTO INCREMENTAL AND THIRD AMENDMENT TO CREDIT AGREEMENT - SEC FILING.INTERNAP - AMENDMENT PROVIDES FOR NEW INCREMENTAL TERM LOAN FACILITY UNDER CREDIT AGREEMENT DATED AS OF APRIL 6, 2017 OF $135 MILLION.INTERNAP SAYS PROCEEDS OF INCREMENTAL TERM LOAN WERE USED TO COMPLETE SINGLEHOP ACQUISITION, AMONG OTHERS - SEC FILING.  Full Article

Inap To Acquire Singlehop For $132 Million
Monday, 29 Jan 2018 08:00am EST 

Jan 29 (Reuters) - Internap Corp ::INAP TO ACQUIRE SINGLEHOP.DEAL FOR $132 MILLION IN CASH.‍INAP WILL BE ACQUIRING SINGLEHOP IN AN ALL CASH DEAL FOR $132 MILLION​.COMBINED IMPACT OF SALES AND OPERATIONAL IMPROVEMENTS IS EXPECTED TO BE A CATALYST FOR GROWTH IN 2018.EXPECTED ANNUALIZED COST SYNERGIES OF $2 TO $3 MILLION FROM DEAL.INAP EXPECTS SINGLEHOP WILL CONTRIBUTE $45 TO $50 MILLION IN ANNUALIZED REVENUE POST-CLOSING.INAP HAS ENTERED INTO A COMMITMENT AGREEMENT WITH JEFFERIES FINANCE LLC TO PROVIDE A FULLY UNDERWRITTEN DEBT FINANCING.  Full Article

Portolan Capital Reports 5.35 Pct Passive Stake In Internap
Friday, 5 Jan 2018 11:57am EST 

Jan 5 (Reuters) - Portolan Capital Management::PORTOLAN CAPITAL MANAGEMENT REPORTS 5.35 PERCENT PASSIVE STAKE IN INTERNAP CORP AS OF DEC 28, 2017 - SEC FILING.  Full Article