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

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

Internet Initiative Japan Price Performance

IIJIY stock traded up $6.04 during midday trading on Friday, reaching $45.14. 752 shares of the company’s stock traded hands, 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. Internet Initiative Japan has a fifty-two week low of $27.00 and a fifty-two week high of $47.46. The business has a 50-day moving average price of $43.64 and a two-hundred day moving average price of $37.63.

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.