magicJack VocalTec Ltd. (CALL) Shares Down 6%
Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) dropped 6% during mid-day trading on Friday . The company traded as low as $6.03 and last traded at $6.06, with a volume of 73,946 shares changing hands. The stock had previously closed at $6.45.
Separately, Zacks Investment Research upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Friday, August 19th.
The stock has a market capitalization of $96.87 million and a price-to-earnings ratio of 11.21. The stock has a 50 day moving average of $6.08 and a 200 day moving average of $6.44.
magicJack VocalTec (NASDAQ:CALL) last posted its quarterly earnings data 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 company earned $25.30 million during the quarter, compared to the consensus estimate of $26.60 million. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. Equities research 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.