Internet Initiative Japan (OTCMKTS:IIJIY) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Internet Initiative Japan (OTCMKTS:IIJIY) released its earnings results on Thursday. The communications equipment provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04, Zacks reports. The firm had revenue of $713.87 million for the quarter, compared to the consensus estimate 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 Price Performance

OTCMKTS:IIJIY traded up $6.04 during trading hours on Friday, reaching $45.14. 752 shares of the company were exchanged, compared to its average volume of 435. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 24.80 and a beta of 1.19. The stock has a 50 day simple moving average of $43.64 and a 200 day simple moving average of $37.63. Internet Initiative Japan has a 52-week low of $27.00 and a 52-week high of $47.46.

About Internet Initiative Japan

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.