Internet Initiative Japan (OTCMKTS:IIJIY) Downgraded to Hold Rating by Wall Street Zen

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Internet Initiative Japan Stock Performance

OTCMKTS:IIJIY opened at $36.80 on Friday. The stock has a market capitalization of $3.37 billion, a P/E ratio of 25.03 and a beta of 1.03. The company has a 50 day moving average price of $37.79 and a 200 day moving average price of $36.35. Internet Initiative Japan has a fifty-two week low of $29.50 and a fifty-two week high of $44.71.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last released its earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The business had revenue of $590.48 million for the quarter, compared to analyst estimates of $575.53 million. Internet Initiative Japan had a return on equity of 14.74% and a net margin of 6.30%. Research analysts forecast that Internet Initiative Japan will post 0.37 earnings per share for the current fiscal year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.