Internet Initiative Japan (IIJI) Stock Rating Lowered by Zacks Investment Research
Internet Initiative Japan (NASDAQ:IIJI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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 upgraded Internet Initiative Japan from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th.
Internet Initiative Japan (NASDAQ:IIJI) last posted its quarterly earnings results on Wednesday, August 8th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.06). Internet Initiative Japan had a return on equity of 6.49% and a net margin of 2.59%. The business had revenue of $409.94 million during the quarter, compared to analysts’ expectations of $403.69 million. research analysts anticipate that Internet Initiative Japan will post 0.42 EPS for the current fiscal year.
An institutional investor recently bought a new position in Internet Initiative Japan stock. Jane Street Group LLC purchased a new position in Internet Initiative Japan Inc. (NASDAQ:IIJI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,640 shares of the communications equipment provider’s stock, valued at approximately $147,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.
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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