J2 Global Inc (JCOM) is Initiated by Robert W. Baird to Outperform, Price Target at $83

J2 Global Inc (JCOM) was Initiated by Robert W. Baird to “Outperform” and the brokerage firm has set the Price Target at $83. Robert W. Baird advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, J2 Global Inc reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.15. The company had revenue of $211.80 million for the quarter, compared to analysts expectations of $206.41 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

J2 Global Inc opened for trading at $67.86 and hit $68.31 on the upside on Monday, eventually ending the session at $67.8, with a gain of 0.24% or 0.16 points. The heightened volatility saw the trading volume jump to 2,15,966 shares. Company has a market cap of $3,255 M.

In a different news, on Aug 29, 2016, Jeremy Rossen (VP/General Counsel) sold 1,014 shares at $67.01 per share price. According to the SEC, on Jun 7, 2016, Steve P. Dunn (Chief Accounting Officer) sold 2,000 shares at $68.00 per share price. On Nov 20, 2015, Nehemia Zucker (Chief Executive Officer) sold 6,663 shares at $81.00 per share price, according to the Form-4 filing with the securities and exchange commission.

j2 Global Inc. provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax virtual phone hosted e-mail e-mail marketing online backup unified communications and CRM solutions. It markets its services principally under the brand names eFax eVoice FuseMail Campaigner KeepItSafe Livedrive and Onebox and operates a messaging network spanning 49 countries on six continents. The Digital Media Division offers technology gaming and lifestyle content through its digital properties which include PCMag.com IGN.com AskMen.com Toolbox.com and others. The Digital Media Division also operates NetShelter Powered by BuyerBase an advanced digital ad targeting platform and Ziff Davis B2B a provider of research to enterprise buyers and leads to IT vendors.

J2 Global Inc

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