J2 global gets rating upgrade amid strong profit, sales growth
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J2 Global, which provides voicemail, call handling and other services, thrived amid the Covid-driven, work-from-home situation. On Wednesday, the Relative Strength (RS) Rating for J2 GLOBAL
(JCOM) entered a higher percentile, as it got a lift from 70 to 73. Other ratings are even higher. But can it continue climbing as Covid recedes and the economy opens up? The 73 Relative
Strength Rating means J2 Global has outperformed 73% of all stocks over the past year. Stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early
stages of their moves. See if J2 Global can continue to show renewed price strength and hit that benchmark. J2 GLOBAL EARNS HIGH COMPOSITE RATING Additionally on the technical side, Los
Angeles-based J2 boasts a 92 Composite Rating, on a 1-99 scale with 99 tops. IBD's Composite Rating combines five separate proprietary ratings of fundamental and technical performance
into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better. It also has a 92 EPS Rating, reflecting strong profit growth in recent quarters and long term.
And its B Accumulation/Distribution Rating, on an A+ to E scale, shows moderately strong buying by institutional investors. After being beaten down during the coronavirus market crash, J2
Global shares have more than doubled from a late July low of 53.24. Its shares were down fractionally Wednesday afternoon, to 116.76. In terms of fundamentals, J2 Global has posted three
quarters of rising earnings growth. Sales growth has also risen over the same time frame. J2 Global offers cloud-based internet services and information via a variety of brands including
IGN, Mashable, RetailMeNot and others. In its most recent quarterly report, the company reported a 31% jump in EPS to $3.11 on a 16% rise in revenue to $469.2 million. NO. 1 RANKING J2
Global earns the No. 1 rank among its peers in the Telecom Services-Cable/Satellite industry group. Other highly rated companies in the group include CALIX (CALX), DISH NETWORK (DISH) and
SHAW COMMUNICATIONS (SJR). ------------------------- Looking For The Best Stocks To Buy And Watch? Start Here ------------------------- The IBD 50 stock has moved more than 5% past a 102.57
entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for J2 Global's stock to offer a new chance to pick up shares like a three-weeks tight or
pullback to the 50-day or 10-week moving average. When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This proprietary rating tracks
market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies. _Please follow
James DeTar on Twitter @JimDeTar _ YOU MIGHT ALSO LIKE: Stocks With Rising Relative Strength Ratings Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can
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