magicJack VocalTec Ltd. (CALL) Stock Price Up 4%
magicJack VocalTec Ltd. (NASDAQ:CALL) shares rose 4% during mid-day trading on Friday . The company traded as high as $5.94 and last traded at $5.93, with a volume of 89,317 shares trading hands. The stock had previously closed at $5.70.
Separately, Zacks Investment Research downgraded magicJack VocalTec from a “hold” rating to a “sell” rating in a research note on Thursday.
The stock has a market capitalization of $93.23 million and a P/E ratio of 10.79. The firm has a 50-day moving average of $6.13 and a 200-day moving average of $6.56.
magicJack VocalTec (NASDAQ:CALL) last released its earnings results on Tuesday, August 9th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. During the same quarter in the previous year, the business earned $0.38 EPS. The firm earned $25.30 million during the quarter, compared to analysts’ expectations of $26.60 million. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts forecast 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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