j2 Global Inc.
), the provider of cloud-based faxing services called "eFax", has
decided to explore the markets of Norway, Finland and
Hungary. With this, eFax will now support 19 different
languages across 49 countries. j2 Global delivers
integrated communications services through its unique digital
faxing and voice messaging systems. Several enterprises are now
increasingly utilizing digital faxing services to reduce costs
while improving security. This helps j2 Global's corporate fax
system to flourish during the economic downturn.
At present, j2 Global commands approximately 30% of the
world's cloud-based digital faxing system. j2 Global was
able to reinvigorate sales from credit-sensitive clients, despite
facing global macro-economic volatility. In the fourth
quarter of 2012, the company added a net 17,000 paid DIDs
(Dial-in-Demand). Production efficiencies, cost containment, and
business process improvements resulted in record high quarterly
revenue, earnings per share, EBITDA, and low churn rate in the
j2 Global is more confident about its growth prospect buoyed
by increasing demand for cloud based, value-added communication,
messaging and data backup services. Consequently, management
retained its revenue outlook for 2013. Full year 2013 revenue is
projected within the range of $500-$525 million. Fiscal 2013
non-GAAP earnings per share are expected to be within the range
of $2.65 - $2.85. Non-GAAP effective tax rate is estimated in the
range of 25-27%.
Other Stocks to Consider
j2 Global currently has a Zacks Rank #2 (Buy). Besides j2
Global, other stocks in the Internet/Application software
industry that are currently performing well include
). All three stocks currently carry a Zacks Rank #2 (Buy).
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