Zacks Investment Research lowered shares of Internet Initiative Japan (NASDAQ:IIJI) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
According to Zacks, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE) “
Separately, ValuEngine cut shares of Internet Initiative Japan from a buy rating to a hold rating in a research note on Monday, June 18th.
Internet Initiative Japan (NASDAQ:IIJI) last posted its earnings results on Wednesday, August 8th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.06). The company had revenue of $409.94 million for the quarter, compared to the consensus estimate of $403.69 million. Internet Initiative Japan had a net margin of 2.59% and a return on equity of 6.49%. analysts expect that Internet Initiative Japan will post 0.42 EPS for the current year.
An institutional investor recently bought a new position in Internet Initiative Japan stock. Jane Street Group LLC bought a new stake in shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,640 shares of the communications equipment provider’s stock, valued at approximately $147,000. 0.49% of the stock is owned by institutional investors.
Internet Initiative Japan Company Profile
Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company's Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.
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