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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • Internet Firm Internap (INAP, $INAP) Leads ValuEngine Forecast Screen 0 comments
    Mar 31, 2011 2:29 PM | about stocks: INAP
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    March 31, 2011
    ATTENTION Advanced Investors and Finance Professionals:
    If you are reading this you should download ValuEngine Institutional Software to see how VE’s powerful quantitative tools can increase your productivity and effectiveness.

     

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE.

    VALUATION WATCH:  Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 62% of our universe and 30% of the universe is calculated to be overvalued by 20% or more.  All Sectors are calculated to be overvalued.

    Ruling the Tubes

    Internet Firm Internap (INAP, $INAP) Leads ValuEngine Forecast Screen

     Internap Network Services Corporation (Internap, INAP, $INAP) is an Internet solutions and data center company providing a suite of network optimization and delivery services and products that manage, deliver and distribute applications.  Its private network access points (P-NAPs) feature multiple direct high-speed connections to major Internet backbones, also referred to as network service providers (NSPs), such as Verizon Communications Inc., Global Crossing Limited, Level 3 Communications, Inc., XO Holdings Inc. and Cogent Communications Group, Inc.

     A screen for undervalued/top-ranked one-month forecast stocks with market prices in excess of $3.00 and average volume in excess of 100k shares/day performed with our Institutional software package (Pending:VEI) found Internap near the top of the list. 

    Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

     ValuEngine has issued a STRONG BUY recommendation for Internap on Mar. 31, 2011. Based on the information we have gathered and our resulting research, we feel that Internap has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE expected EPS growth, 5-year annualized return and market valuation.

     Based on available data as of Mar. 31, 2011, we believe that INAP should be trading at $6.7. This makes INAP 1.49% undervalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For INAP, we base this on actual earnings per share (NYSEARCA:EPS) for the previous four quarters of -$0.05, forecasted EPS for the next four quarters of $0.04, and correlations to the 30- year Treasury bond yield of 4.52%.

     Subscribers can check out the latest figures on Internap from our models HERE.  

     

    Market Indices Data
      Latest Change YTD
    Dow Jones
    12,357.20 6.55 6.73%
    NASDAQ Composite
    2,778.32 1.53 4.73%
    Russell 2000
    841.26 0.89 7.35%
    S&P 500
    1,328.75 0.49 5.65%

     

    ValuEngine Market Overview
    Summary of VE Stock Universe
    Stocks Undervalued
    38.26%
    Stocks Overvalued
    61.74%
    Stocks Undervalued by 20%
    16.31%
    Stocks Overvalued by 20%
    30.37%
    ValuEngine Sector Overview
    Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
    Oils-Energy 1.05% 3.20% 12.71% 27.45% overvalued 46.83% 46.59
    Multi-Sector Conglomerates 1.32% 3.70% 5.29% 17.08% overvalued 27.65% 27.80
    Aerospace 0.98% 4.61% 15.30% 15.01% overvalued 26.23% 18.91
    Basic Materials 1.13% 0.69% -0.17% 13.76% overvalued 52.94% 44.64
    Transportation 1.03% 3.86% 0.39% 13.08% overvalued 22.37% 21.64
    Consumer Discretionary 0.97% 1.21% 4.51% 11.06% overvalued 16.51% 32.36
    Auto-Tires-Trucks 1.36% 1.81% -2.64% 10.88% overvalued 35.48% 20.18
    Utilities 1.03% 2.63% 3.81% 10.86% overvalued 16.29% 21.81
    Industrial Products 0.93% 2.95% 6.30% 10.50% overvalued 25.78% 35.62
    Construction 0.37% 1.72% 1.73% 10.39% overvalued 11.14% 36.21
    Consumer Staples 0.69% 0.36% -0.15% 9.79% overvalued 14.17% 21.33
    Business Services 0.83% 2.13% 4.67% 9.77% overvalued 13.96% 50.24
    Computer and Technology 0.75% 2.26% 11.84% 9.40% overvalued 31.91% 41.10
    Retail-Wholesale 1.07% 4.44% 5.38% 9.07% overvalued 20.59% 24.63
    Finance 0.75% -0.53% 2.75% 8.06% overvalued 9.16% 26.38
    Medical 0.82% 3.42% 11.52% 1.53% overvalued 14.06% 38.10

     

      Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE.  

     

     
     
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    ValuEngine.com - Rational advice, smarter investing.
     
     
     
    Stocks: INAP
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