Welcome to our dedicated page for JCOM news (Ticker: JCOM), a resource for investors and traders seeking the latest updates and insights on JCOM stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect JCOM's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of JCOM's position in the market.
J2 Global, Inc. (NASDAQ: JCOM) announced the completion of four acquisitions and a divestiture in Q3 2021, expanding its global customer base and product offerings. Acquisitions include Solutelia and BigLinker, enhancing technology and health sectors. The divestiture involves B2B cloud-based data backup businesses. Financial terms were not disclosed, but impacts from acquisitions are not expected to be material. Notably, J2 Global will be renamed Ziff Davis, Inc. post-separation and will begin trading under the ticker symbol ZD on October 7, 2021.
RetailMeNot, a J2 Global business, announces the return of Cash Back Day on November 4 and 5, offering exclusive cash back deals from various retailers. This year, Cash Back Day extends to two days, promoting early holiday shopping and helping consumers earn while they spend. Last year's event averaged $18 cash back per purchase, totaling nearly $1 million paid out. A survey reveals consumers plan to spend 15% more this holiday season, emphasizing the importance of early shopping amidst potential shipping delays.
J2 Global, Inc. (NASDAQ: JCOM) announced the upcoming “when-issued” trading of its spinoffs, Consensus Cloud Solutions, Inc. and Ziff Davis, Inc., starting September 30, 2021. Regular trading for both companies will begin on October 8, 2021. The Board of Directors approved a special dividend distribution, with shareholders receiving one share of Consensus for every three shares of JCOM held as of October 1, 2021. The separation is slated for completion by October 7, 2021. Post-separation, J2 Global will be renamed Ziff Davis and trade under the symbol “ZD.”
J2 Global (NASDAQ: JCOM) has announced a cash tender offer to purchase up to
J2 Global, Inc. (NASDAQ: JCOM) will separate into two independent companies: Ziff Davis, Inc. and Consensus Cloud Solutions, Inc.. Each J2 Global shareholder will receive one share of Consensus for every three shares held as of October 1, 2021. The separation is set for October 7, 2021, and will involve a cash distribution of $260 million from Consensus to J2 Global. Following the split, J2 Global will be renamed Ziff Davis, continuing its focus on digital media and technology, while Consensus will specialize in secure data delivery and cloud fax solutions.
Consensus Cloud Solutions, Inc. is set to spin off from J2 Global, Inc. (NASDAQ: JCOM) in Q3 2021. A live audio webcast of the Investor Call will take place on September 14, 2021, at 4:00 PM ET, featuring prospective CEO Scott Turicchi and COO John Nebergall. They will discuss the Consensus business strategy, product offerings, and financial results, followed by a Q&A session. Interested parties can join via j2global.com or dial in at (833) 492-0037 (U.S.) or +1(973) 528-0159 (International).
J2 Global, Inc. (NASDAQ:JCOM) announced its participation in three virtual investor conferences in September 2021. The events include the DA Davidson 20th Annual Software and Internet Conference on September 9, the Piper Sandler Global Technology Conference, and Citi's 2021 Global Technology Virtual Conference, both on September 13. While the Piper Sandler conference will have a webcast available later, the other two will not feature formal presentations. J2 Global is recognized for its extensive portfolio, reaching over 240 million people monthly.
J2 Global, Inc. (NASDAQ: JCOM) will host a Virtual Analyst Day for its upcoming rebranding to Ziff Davis, Inc. on September 9, 2021, from 10 am to 12 pm ET. Executives will discuss Ziff Davis’ digital media strategy, initiatives, and growth opportunities. The event will feature an interactive Q&A session and will be accessible to investors via j2global.com. J2 Global has shown significant growth, achieving 25 consecutive years of revenue increases and reaching over 240 million people monthly across its diverse brand portfolio.
J2 Global, Inc. (NASDAQ: JCOM) reported Q2 2021 financial results, highlighting a 29.6% increase in revenues to $429.0 million compared to Q2 2020. Despite record revenues, net income fell to $15.7 million, down 58.7%. Adjusted non-GAAP earnings per diluted share rose 40.9% to $2.41. Operating cash decreased 20.3% to $111.3 million, and free cash flow dropped 30.6% to $80.5 million, attributed to higher tax payments. The company raised its full-year revenue and earnings outlook amidst strong performance.
