magicJack VocalTec Ltd. (CALL) Rating Increased to Hold at Zacks Investment Research
magicJack VocalTec Ltd. (NASDAQ:CALL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “magicJack VocalTec Limited, formerly known as VocalTec Communications Limited provides software-driven solutions for the deployment of next-generation, IP (Internet protocol)-based international and long-distance telephony networks and related enhanced services. The Company provides routing and business powering enhanced services. Its services include International and Long-Distance Calling, Voice VPN (virtual private network), Calling Card, Exchange Carriers and Voice-enhanced e-commerce. magicJack VocalTec Limited is based in Netanya, Israel. “
Shares of magicJack VocalTec (NASDAQ:CALL) traded up 1.14% during trading on Tuesday, reaching $6.20. 28,908 shares of the company traded hands. The stock’s 50 day moving average price is $6.23 and its 200-day moving average price is $6.13. magicJack VocalTec has a 12 month low of $5.27 and a 12 month high of $12.50. The stock has a market cap of $98.30 million, a P/E ratio of 11.38 and a beta of 1.45.
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magicJack VocalTec (NASDAQ:CALL) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm earned $25.30 million during the quarter, compared to analysts’ expectations of $26.60 million. magicJack VocalTec had a return on equity of 33.80% and a net margin of 8.89%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, equities research analysts expect that magicJack VocalTec will post $0.64 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CALL. LSV Asset Management raised its position in magicJack VocalTec by 0.4% in the second quarter. LSV Asset Management now owns 560,300 shares of the company’s stock valued at $3,524,000 after buying an additional 2,400 shares during the last quarter. Ameriprise Financial Inc. raised its position in magicJack VocalTec by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 472,010 shares of the company’s stock valued at $2,968,000 after buying an additional 134,932 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in magicJack VocalTec by 16.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 445,630 shares of the company’s stock valued at $2,803,000 after buying an additional 62,390 shares during the last quarter. AJO LP raised its position in magicJack VocalTec by 36.6% in the second quarter. AJO LP now owns 397,827 shares of the company’s stock valued at $2,502,000 after buying an additional 106,645 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in magicJack VocalTec during the first quarter valued at about $1,413,000. 55.85% of the stock is owned by hedge funds and other institutional investors.
magicJack VocalTec Company Profile
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.
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