Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

First Albany Cuts J2 Global to 'Underperform'

First Albany downgraded j2 Global Communications (JCOM) to underperform from neutral.

Analyst Youssef Squali says he set a $31 fair market value on the messaging and communications company's stock. He notes while first quarter results slightly exceeded his estimates, outperformance was more than accounted for in the 30%-plus increase in shares since February. Squali says he would be a better buyer if the stock traded in the mid- to high-$20 range.

Squali notes the first quarter consensus estimates called for 40 cents earnings per share on $14.9 million in revenues, vs. 41 cents earnings per share on $15.2 million revs posted by the company. Looking ahead, he raised his 2003 earnings per share estimate by 4 cents, to $1.92, which exceeds j2's guidance. He added $2.8 million to 2003 revenues, to $70.8 million. Finally, Squali sees $2.19 2004 earnings per share.

blog comments powered by Disqus