magicJack VocalTec Ltd. (CALL) Stock Price Up 4%
magicJack VocalTec Ltd. (NASDAQ:CALL)’s share price rose 4% during trading on Thursday . The company traded as high as $6.52 and last traded at $6.51, with a volume of 179,215 shares trading hands. The stock had previously closed at $6.26.
Separately, Zacks Investment Research downgraded magicJack VocalTec from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.
The company has a market capitalization of $102.26 million and a P/E ratio of 11.83. The company’s 50-day moving average price is $6.09 and its 200 day moving average price is $6.45.
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, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The business earned $25.30 million during the quarter, compared to analyst estimates of $26.60 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts predict that magicJack VocalTec Ltd. will post $0.64 EPS for the current 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.