NEW YORK ( TheStreet) -- Internet Initiative Japan (Nasdaq: IIJI) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Internet Initiative Japan Inc., together with its subsidiaries, provides Internet connectivity, outsourcing, and network integration services to customers in Japan and the United States. The company has a P/E ratio of 23.7, above the average internet industry P/E ratio of 16 and above the S&P 500 P/E ratio of 23.3. Internet Initiative Japan has a market cap of $586.4 million and is part of the technology sector and internet industry. Shares are up 8.4% year to date as of the close of trading on Monday. You can view the full Internet Initiative Japan Ratings Report or get investment ideas from our investment research center.