magicJack VocalTec Ltd. (CALL) Stock Price Up 2.8%
magicJack VocalTec Ltd. (NASDAQ:CALL) rose 2.8% during mid-day trading on Thursday . The company traded as high as $5.62 and last traded at $5.43, with a volume of 110,526 shares changing hands. The stock had previously closed at $5.28.
Separately, Zacks Investment Research lowered shares of magicJack VocalTec from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.
The stock’s 50 day moving average price is $6.07 and its 200 day moving average price is $6.49. The company has a market capitalization of $91.96 million and a P/E ratio of 10.64.
magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. The company had revenue of $25.30 million for the quarter, compared to analyst estimates of $26.60 million. magicJack VocalTec’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts expect that magicJack VocalTec Ltd. will post $0.64 earnings per share for the current fiscal year.
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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