Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up - What's Next?

Key Points

• Internet Initiative Japan's stock price gapped up before the market opened, rising from $33.31 to $34.50.
• Jefferies Financial Group upgraded IIJIY shares from a "hold" to a "strong-buy" rating, while overall analyst ratings for the stock average at "Strong Buy".
• The company reported $0.29 EPS for the last quarter, falling short of the consensus estimate of $0.37 EPS and also missed revenue expectations with $521.19 million against forecasts of $534.99 million.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $33.31, but opened at $34.50. Internet Initiative Japan shares last traded at $34.50, with a volume of 101 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IIJIY. Jefferies Financial Group upgraded shares of Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen cut shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Internet Initiative Japan currently has an average rating of "Strong Buy".

Internet Initiative Japan Trading Up 3.6%

The firm's fifty day moving average price is $37.89 and its 200 day moving average price is $37.11. The firm has a market capitalization of $3.16 billion, a PE ratio of 22.70 and a beta of 1.02.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.55%. The company had revenue of $521.19 million for the quarter, compared to analysts' expectations of $534.99 million. As a group, research analysts expect that Internet Initiative Japan, Inc. will post 0.37 EPS for the current 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.

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