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J2 Global shares rise as subscriber revenue boosts 1Q profit



By AP
07 May 2008 @ 03:33 pm EST

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JCOM 24.72 -0.04

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"While we remain fans of the J2 Global story over the long term, we remain on the sidelines until we can get more comfort around the company's organic growth rate for 2008 and beyond," he said.

He maintained his "Market Perform" rating and $24 price target. The price target represents an 11 percent premium on Wednesday afternoon's trading price.

Shares in the Hollywood, Calif.-based company rose 41 cents to $21.51 in afternoon trading.

(This version CORRECTS name of FBR analyst in 9th graf, UPDATES quote)

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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