Revenue Update on J2 Global Inc(NASDAQ:JCOM)

J2 Global Inc(NASDAQ:JCOM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $211.80M. Analysts estimated a revenue of $206.41M. Earnings per share were $1.21. Analysts had estimated an EPS of $1.15.

J2 Global Inc (JCOM) shares turned negative on Fridays trading session with the shares closing down -0.79 points or -1.15% at a volume of 2,35,294. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69.18. The peak price level was also seen at $69.18 while the days lowest was $68.06. Finally the shares closed at $68.09. The 52-week high of the shares is $84.15 while the 52-week low is $55.43. According to the latest information available, the market cap of the company is $3,269 M.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Steve P. Dunn (Chief Accounting Officer) sold 2,000 shares at $68.00 per share price.Also, On Nov 20, 2015, Nehemia Zucker (Chief Executive Officer) sold 6,663 shares at $81.00 per share price.On Nov 18, 2015, R Scott Turicchi (President and CFO) sold 15,000 shares at $78.57 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 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.

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