Stock Watch: Jupiter Gains on Prediction of Strong Quarter

Jupiter Communications, Inc. (Nasdaq: JPTR) rose 10 9/16 to 32 13/16 Thursday after the company, which tracks data and trends on Internet commerce, said it expects a 175 percent increase in first-quarter revenue.

The company said revenue for the quarter ended March 31st is likely to total $16.5 million, up from $6.0 million in the same period last year. The gain reflects a 232 percent increase in contract value to $50.5 million, in addition to strong revenue from conferences. Results will be reported sometime during the first week in May, Jupiter said.

The New York-based Jupiter provides clients with information about trends, forecasts and best practices in the Internet economy. The company also sponsors conferences featuring its own analysts as well as key decision-makers in the Internet and technology industry.

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