August 23, 2005
SpeculatingStocks.com Stock Pick: InterNAP Network Services Corporation (IIP)
Stock Price: $0.47 (short-term strong buy)
InterNAP Network Solutions is a leading provider of performance-based routing solutions over the Internet. The company enables businesses to take full advantage of the benefits of deploying business-critical applications such as e-commerce, Voice-over-IP (VoIP), video-conferencing, and streaming audio/video across the Internet.
On August 9th, the company reported revenues of $37.6 million and a net loss of only $1.0 million, an improvement of 75% compared to a net loss of $4.3 for the same period last year. The company now has 2,019 business customers and cash and cash equivalents of $42.5 million.
IIP has formed a solid base at $0.46, similar support has been built in the past, we expect little to no downside from the current level. IIP currently sets at a market cap of $159 million.
SpeculatingStocks.com Target Price: We expect IIP to exceed $0.60 within the next six weeks.