New Lifetime High Today: J2 Global (JCOM)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified j2 Global as such a stock due to the following factors:
- JCOM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.9 million.
- JCOM has traded 8,262 shares today.
- JCOM is trading at a new lifetime high.
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More details on JCOM:
j2 Global, Inc. engages in the provision of Internet services worldwide. It operates through two segments, Business Cloud Services and Digital Media. The stock currently has a dividend yield of 1.6%. JCOM has a PE ratio of 31. Currently there is 1 analyst that rates j2 Global a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for j2 Global has been 298,700 shares per day over the past 30 days. J2 Global has a market cap of $3.8 billion and is part of the technology sector and internet industry. The stock has a beta of 1.20 and a short float of 6.9% with 10.34 days to cover. Shares are up 26.5% year-to-date as of the close of trading on Monday.
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Analysis:
rates j2 Global as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- JCOM's revenue growth has slightly outpaced the industry average of 13.7%. Since the same quarter one year prior, revenues rose by 21.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 48.21% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, JCOM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- J2 GLOBAL INC has improved earnings per share by 9.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, J2 GLOBAL INC increased its bottom line by earning $2.59 versus $2.29 in the prior year. This year, the market expects an improvement in earnings ($3.97 versus $2.59).
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Internet Software & Services industry and the overall market, J2 GLOBAL INC's return on equity exceeds that of both the industry average and the S&P 500.
- You can view the full j2 Global Ratings Report.
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