Internet Initiative Japan (OTCMKTS:IIJIY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Internet Initiative Japan (OTCMKTS:IIJIY) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01), Zacks reports. The firm had revenue of $616.85 million for the quarter, compared to analyst estimates of $537.56 million. Internet Initiative Japan had a net margin of 6.97% and a return on equity of 15.69%.

Internet Initiative Japan Stock Performance

Shares of IIJIY remained flat at $43.49 during trading hours on Friday. 101 shares of the company were exchanged, compared to its average volume of 939. The company has a market cap of $3.99 billion, a P/E ratio of 24.16 and a beta of 1.13. Internet Initiative Japan has a 1-year low of $27.00 and a 1-year high of $44.51. The company’s 50 day moving average is $40.41 and its 200-day moving average is $34.83.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Internet Initiative Japan in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

About Internet Initiative Japan

Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.