Internet Initiative Japan (OTCMKTS:IIJIY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Internet Initiative Japan (OTCMKTS:IIJIY) released its quarterly earnings results on Thursday. The communications equipment provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04, Zacks reports. The business had revenue of $713.87 million for the quarter, compared to analysts’ expectations of $610.90 million. Internet Initiative Japan had a return on equity of 15.74% and a net margin of 6.79%.

Internet Initiative Japan Stock Up 15.4%

Shares of Internet Initiative Japan stock traded up $6.04 on Friday, hitting $45.14. The company’s stock had a trading volume of 752 shares, compared to its average volume of 435. The company has a market capitalization of $4.14 billion, a P/E ratio of 24.80 and a beta of 1.19. The firm has a fifty day moving average price of $43.64 and a 200-day moving average price of $37.63. Internet Initiative Japan has a 52-week low of $27.00 and a 52-week high of $47.46.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.