Can j2 Global (JCOM) Continue to Surge?
One company that should be on your radar is j2 Global, Inc. (JCOM). The stock of this internet service provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For JCOM’s full year estimate, we have seen 1 estimate move higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $2.59 per share a month ago to its current level at $3.19.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, JCOM has seen some pretty solid trading lately, as the company has moved higher by almost 17.8% in the past month.
If j2 Global can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put JCOM on your watch list for the future.
Other top-ranked stocks worth considering in the industry include China Mobile Games and Entertainment Group Limited (CMGE), Model N, Inc. (MODN) and Constant Contact, Inc. (CTCT). While China Mobile and Model N sport a Zacks Rank #1 (Strong Buy), Constant Contact has a Zacks Rank #2 (Buy).
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(JCOM): Free Stock Analysis Report
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(CTCT): Free Stock Analysis Report
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