j2 Global, Inc. (JCOM) Issues FY17 Earnings Guidance
j2 Global, Inc. (NASDAQ:JCOM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $5.60-$6.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.77. The company issued revenue guidance of $1.107-$1.147 billion, compared to the consensus revenue estimate of $1.13 billion.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $271.89 million. j2 Global had a return on equity of 26.62% and a net margin of 14.74%. j2 Global’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of j2 Global from a hold rating to a sell rating in a report on Wednesday, August 9th. BidaskClub lowered shares of j2 Global from a buy rating to a hold rating in a report on Wednesday, July 5th. Robert W. Baird reissued a buy rating and issued a $94.00 price target on shares of j2 Global in a report on Friday, September 1st. Citigroup Inc. cut their price target on shares of j2 Global from $89.00 to $88.00 and set a neutral rating on the stock in a report on Monday, August 7th. Finally, ValuEngine raised shares of j2 Global from a hold rating to a buy rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $101.75.
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j2 Global Company Profile
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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