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The Telecommunications industry as a whole closed the day down 0.5% versus the S&P 500, which was down 0.1%. Laggards within the Telecommunications industry included Internet Initiative Japan ( IIJI), down 1.6%, Optical Cable ( OCC), down 3.5%, Internet Gold Golden Lines ( IGLD), down 3.0%, Glowpoint ( GLOW), down 2.4% and Wireless Telecom Group ( WTT), down 5.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Glowpoint ( GLOW) is one of the companies that pushed the Telecommunications industry lower today. Glowpoint was down $0.03 (2.4%) to $1.23 on light volume. Throughout the day, 9,400 shares of Glowpoint exchanged hands as compared to its average daily volume of 33,200 shares. The stock ranged in price between $1.21-$1.25 after having opened the day at $1.25 as compared to the previous trading day's close of $1.26.

Glowpoint has a market cap of $45.2 million and is part of the technology sector. Shares are down 8.7% year-to-date as of the close of trading on Tuesday.

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At the close, Internet Gold Golden Lines ( IGLD) was down $0.28 (3.0%) to $9.06 on average volume. Throughout the day, 6,286 shares of Internet Gold Golden Lines exchanged hands as compared to its average daily volume of 4,300 shares. The stock ranged in price between $9.02-$9.37 after having opened the day at $9.37 as compared to the previous trading day's close of $9.34.

Internet Gold Golden Lines has a market cap of $177.6 million and is part of the technology sector. Shares are up 9.2% year-to-date as of the close of trading on Tuesday.

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Internet Initiative Japan ( IIJI) was another company that pushed the Telecommunications industry lower today. Internet Initiative Japan was down $0.14 (1.6%) to $8.79 on average volume. Throughout the day, 3,944 shares of Internet Initiative Japan exchanged hands as compared to its average daily volume of 3,600 shares. The stock ranged in price between $8.73-$8.86 after having opened the day at $8.77 as compared to the previous trading day's close of $8.93.

Internet Initiative Japan Inc., together with its subsidiaries, offers Internet connectivity, WAN, outsourcing, and systems integration services primarily in Japan. The company operates in two segments: Network Services and Systems Integration Business, and ATM Operation Business. Internet Initiative Japan has a market cap of $804.0 million and is part of the technology sector. Shares are down 33.2% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Internet Initiative Japan a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Internet Initiative Japan as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

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Highlights from TheStreet Ratings analysis on IIJI go as follows:

  • IIJI's revenue growth trails the industry average of 28.5%. Since the same quarter one year prior, revenues slightly increased by 2.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.31, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.20 is sturdy.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Internet Software & Services industry. The net income has significantly decreased by 49.6% when compared to the same quarter one year ago, falling from $9.61 million to $4.85 million.
  • The gross profit margin for INTERNET INITIATIVE JAPAN INC is currently lower than what is desirable, coming in at 26.53%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.78% significantly trails the industry average.

You can view the full analysis from the report here: Internet Initiative Japan Ratings Report

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