magicJack VocalTec Ltd. (CALL) Upgraded by Zacks Investment Research to “Hold”
magicJack VocalTec Ltd. (NASDAQ:CALL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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, hitting $6.20. 28,908 shares of the stock were exchanged. magicJack VocalTec has a 12-month low of $5.27 and a 12-month high of $12.50. The stock’s 50 day moving average is $6.23 and its 200-day moving average is $6.13. The stock has a market cap of $98.30 million, a price-to-earnings ratio of 11.38 and a beta of 1.45.
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magicJack VocalTec (NASDAQ:CALL) last released its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $25.30 million for the quarter, compared to the consensus estimate of $26.60 million. magicJack VocalTec had a net margin of 8.89% and a return on equity of 33.80%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that magicJack VocalTec will post $0.64 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AXA increased its position in magicJack VocalTec by 67.8% in the first quarter. AXA now owns 79,094 shares of the company’s stock valued at $519,000 after buying an additional 31,945 shares during the period. LSV Asset Management increased its position in shares of magicJack VocalTec by 0.4% in the second quarter. LSV Asset Management now owns 560,300 shares of the company’s stock worth $3,524,000 after buying an additional 2,400 shares during the last quarter. Geode Capital Management LLC increased its position in shares of magicJack VocalTec by 236.3% in the first quarter. Geode Capital Management LLC now owns 62,473 shares of the company’s stock worth $409,000 after buying an additional 43,895 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of magicJack VocalTec by 113.1% in the second quarter. Acrospire Investment Management LLC now owns 25,083 shares of the company’s stock worth $158,000 after buying an additional 13,313 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of magicJack VocalTec during the first quarter worth approximately $1,413,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.
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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