j2 global communications

Morgan Keegan has published a report on j2 Global Communications (NASDAQ: JCOM) lowering the price target from $37 to $36. In the report, Morgan Keegan wrote, "We are raising our 2011E revenue and EPS to $337 million and $2.53 from $334mm and $2.38 and 2012E revenue and EPS to $379 million and $2....

Jefferies is maintaining its Hold rating and $28 PT on shares of j2 Global Communications, Inc. (NASDAQ: JCOM). “JCOM reported adj EPS of $0.60, 3c ahead of the Street, on better than expected revenue, G&A expense, and favorable tax rate,” Jefferies writes. “While the Protus acquisition is...

RBC Capital is making the following price target adjustments: Silver Wheaton Corp. (NYSE: SLW) goes from $30 to $47. Jabil Circuit, Inc. (NYSE: JBL) goes from $25 to $30. j2 Global Communications Inc. (NASDAQ: JCOM) goes from $18 to $20.

j2 Global Communications, Inc. (NASDAQ: JCOM) announced the acquisition of Venali, Inc. for $17M based on 1.7x 12 month revenues, Morgan Keegan reports. The acquisition gives j2 ownership over a number of patents held by Venali and ends the pricey litigation between the two firms, according to...