Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of j2 Global Communications (Nasdaq: JCOM ) rose as much as 22% in early trading after reporting strong results, raising guidance, and initiating a dividend.
So what: Revenue rose 40% year over year to $85.7 million, while adjusted profit improved 41% to $0.65 a share. Analysts were looking for $83.9 million and $0.58, respectively, according to data compiled by Yahoo! Finance.
Now what: But the beat, while great, wasn't the story of this report. Management also raised the lower end of its full-year guidance by 11%, to $2.46 a share, and initiated a $0.20 per share dividend. At current prices, and assuming a regular quarterly payment, that amounts to a 3% yield at current prices. Neither Easy Link (Nasdaq: ESIC ) nor Open Text (Nasdaq: OTEX ) -- j2's closest competitors -- paid a dividend as of this writing. Is that enough to entice you to buy at these levels? Why or why not? Weigh in using the comments box below.
Interested in more info on j2 Global Communications?Add it to your watchlist.