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j2 Global, Inc. (JCOM) provides Internet services worldwide.
It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media.
The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations. Its services include online fax services under the eFax, sFax, MyFax, eFax Plus, eFax Pro, eFax Secure, eFax Corporate, and eFax Developer brands; on-demand voice, cloud phone, and unified communications services under the eVoice, Line2, and Onebox names; online backup and disaster recovery, sync storage, and synchronization and sharing solutions under the KeepItSafe, LiveDrive, LiveVault, and SugarSync names; email security, email archiving, hosted email, web security, and endpoint protection services under the VIPRE, FuseMail, and Excel Micro brands; email marketing and delivery services under the Campaigner and SMTP names; and IP licesing customer support services.
The company also operates a portfolio of Web properties and applications, including IGN, Mashable, PC Mag, Humble Bundle, Speedtest, Offers, Black Friday, AskMen, MedPageToday, Everyday Health, What to Expect, and others that offer technology products, gaming and lifestyle products and services, news and commentary related products, interactive tools and mobile applications, speed testing for Internet and network connections, online deals and discounts for consumers, and tools and information for healthcare professionals, as well as professional networking tools, targeted emails, and white papers for IT professionals.
Shares have formed a bullish "double bottom" and just crossed their 50-day moving average, and are expected to move higher from this formation.
On August 6th, J2 Global (JCOM) reported 2nd Quarter June 2019 earnings of $1.59 per share on revenue of $322.4 million. The consensus earnings estimate was $1.54 per share on revenue of $318.5 million. Revenue grew 12.0% on a year-over-year basis.
The company said it continues to expect 2019 non-GAAP earnings of $6.95 to $7.15 per share on revenue of $1.33 billion to $1.37 billion. The current consensus earnings estimate is $7.05 per share on revenue of $1.34 billion for the year ending December 31, 2019.
Entry Point: $86.50
Trading Range: $65.07 - $92.00
Stop Loss: $82.00
Target Price: $95.15
JCOM closed at $94.32
