FBR Capital Maintains a 'Market Perform' on j2 Global Communications (JCOM); Good March Quarter; Encouraging DID Growth

FBR Capital maintains a 'Market Perform' on j2 Global Communications (NASDAQ: JCOM), PT increased by $1 to $31.

FBR analyst says, "While we are fans of the j2 story, given the company’s impressive cash flow and improving execution in the field, we maintain our Market Perform rating until we can receive more comfort around the company's organic growth rate and ability to manage its customer mix shift over the next few quarters...For 2Q11 (June), we are raising our total revenue and pro forma
EPS estimates to $83.7 million and $0.58 versus our prior estimate of $81.9
million and $0.57. For FY11, we are increasing our estimates to $335.6 million
and $2.34, up from $330.1 million and $2.30. Our FY12 estimates of $354.8
million and $2.39 remain unchanged."

For more ratings news on j2 Global Communications click here and for the rating history of j2 Global Communications click here.

Shares of j2 Global Communications closed at $28.61 yesterday.

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