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 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. “
magicJack VocalTec (NASDAQ:CALL) opened at 6.14 on Tuesday. The stock’s 50 day moving average is $6.22 and its 200 day moving average 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 capitalization of $97.35 million, a price-to-earnings ratio of 11.27 and a beta of 1.45.
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 Zacks’ consensus estimate of $0.21 by $0.06. magicJack VocalTec had a net margin of 8.89% and a return on equity of 33.80%. The company had revenue of $25.30 million for the quarter, compared to analyst estimates of $26.60 million. During the same period in the prior year, the company posted $0.38 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Equities analysts predict that magicJack VocalTec will post $0.64 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. LSV Asset Management raised its stake in 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 period. Ameriprise Financial Inc. increased its position in shares of magicJack VocalTec by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 472,010 shares of the company’s stock worth $2,968,000 after buying an additional 134,932 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of magicJack VocalTec by 16.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 445,630 shares of the company’s stock worth $2,803,000 after buying an additional 62,390 shares in the last quarter. AJO LP increased its position in shares of magicJack VocalTec by 36.6% in the second quarter. AJO LP now owns 397,827 shares of the company’s stock worth $2,502,000 after buying an additional 106,645 shares in 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.
About magicJack VocalTec
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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