On Mar 11, 2014, we issued an updated research report on
j2 Global Inc.
). Record revenue growth and lower churn rate coupled with the
company's decision to diversify into cloud business has
encouraged the management to raise its outlook for fiscal 2014.
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j2 Global has delivered positive earnings surprise in all four
quarters last year, with an average beat of 9.48%. The company
reported mixed financial results for the fourth quarter of fiscal
2013 with the bottom line beating the Zacks Consensus Estimate
but the top line missing the same.
At present, j2 Global commands approximately 30% of the world's
cloud-based digital faxing system. The company has successfully
boosted sales from credit-sensitive clients, despite global
Recently, the company acquired two Australian Internet fax
business service providers. The buyouts include Sydney-based
OzeFax and Brisbane-based Faxmate. These acquisitions will
strengthen j2 Global's fax business in Australia. j2 Global
achieved record revenue growth in fiscal 2013 and also raised its
outlook for fiscal 2014.
j2 Global expects to capitalize on increasing demand for cloud
based, value-added communication, messaging and data backup
services. Segment wise, j2 Global continues to improve its most
powerful eFax brand with creative content and designs. Strong
free cash flow and low leverage have induced the company to
execute five buyouts in 2013.
j2 Global currently carries a Zacks Rank #1 (Strong Buy).
Stocks That Warrant a Look
Other well-performing stocks in the Internet/Application software
China Mobile Games and Entertainment Group
Model N Inc.
Open Text Corporation
). All three stocks currently have the same Zacks Rank as j2