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Fly News Breaks for March 9, 2018
INAP
Mar 9, 2018 | 07:54 EDT
Craig-Hallum analyst George Sutton noted that Internap shares have pulled back meaningfully, even though the company reported "good" results and a "solid" 2018 outlook and its results and guidance had already been disclosed. Investors seem focused on the exits of three partner data centers, which will likely result in elevated churn but should help profitability longer-term, said Sutton. He sees the reaction as overdone and recommends using the pullback as a buying opportunity. Sutton keeps a Buy rating and $22 price target on Internap shares.
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