Internet Initiative Japan (OTCMKTS:IIJIY) Issues Earnings Results

Key Points

• Internet Initiative Japan reported a quarterly earnings per share (EPS) of $0.29, falling short of analysts' expectations of $0.37, with revenues also below estimates at $521.19 million.
• The company's stock performance includes a market cap of $3.52 billion and a 52-week range between $32.10 and $44.71.
• Wall Street Zen downgraded Internet Initiative Japan's rating from "buy" to "hold" following the earnings report.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08), Zacks reports. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.91%. The firm had revenue of $521.19 million for the quarter, compared to the consensus estimate of $534.99 million.

Internet Initiative Japan Stock Performance

Shares of OTCMKTS:IIJIY opened at $38.46 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of 25.30 and a beta of 1.02. Internet Initiative Japan has a 52-week low of $32.10 and a 52-week high of $44.71. The stock's 50-day moving average is $37.95 and its 200-day moving average is $36.37.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th.

About Internet Initiative Japan

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.

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