Internet Initiative Japan (OTCMKTS:IIJIY) Posts Earnings Results, Beats Estimates By $0.08 EPS

Internet Initiative Japan (OTCMKTS:IIJIY) posted its quarterly earnings results on Friday. The communications equipment provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08, Zacks reports. Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%.The company had revenue of $555.81 million for the quarter, compared to the consensus estimate of $528.83 million.

Internet Initiative Japan Price Performance

Shares of Internet Initiative Japan stock remained flat at $35.68 during trading hours on Friday. The company’s stock had a trading volume of 2 shares, compared to its average volume of 754. Internet Initiative Japan has a 12 month low of $32.10 and a 12 month high of $44.71. The stock has a 50 day simple moving average of $36.11 and a 200 day simple moving average of $37.17. The company has a market capitalization of $3.27 billion, a P/E ratio of 23.47 and a beta of 1.06.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IIJIY shares. Jefferies Financial Group upgraded Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Wall Street Zen cut Internet Initiative Japan from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

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.