Internap Network Services (NASDAQ: INAP) Gains Over 20% in the Last One Month

(January 10, 2011) Shares of Internap Network Services (NASDAQ: INAP), an Atlanta, Georgia-based technology company, climbed in trading on Monday, finishing the day 10.03% higher at $7.10.

In the last five trading sessions, the Internap Network Services stock has gained 17.16%. In the last one month, the stock has climbed 22.2%. The stock is up 53.68% in the last three months.

For the third quarter of 2010, Internap Network reported revenue of $60.3 million, down from $64.4 million reported in the third-quarter of 2009. The company posted segment profit of $28.7 million and segment margin of 47.7% for the third quarter of 2010. The company’s segment margin improved 440 basis points over the third quarter of 2009.

Internap Network reported adjusted EBITDA of $9.1 million, up 19.7% on a year-over-year basis. The company’s EBITDA margin for the third quarter of 2010 was 15.2%. The company also announced a new $80 million credit facility, extending its borrowing capacity by $45 million over the previous facility.

About Internap Network Services Corporation: Internap Services Corporation is an Internet solutions and data center company. The company offers a suite of network optimization and delivery services and products that manage deliver and distribute applications.

• The Internap Network Services stock has a 52-week range of $3.90-$7.13.
• The stock trades on a daily average volume of 336,448.
• The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
• The stock’s MACD has crossed the signal line on the upside and is above the zero-line, which are strong bullish signals.

Summary

Internap Network Services reported strong third-quarter financial results.