magicJack VocalTec Ltd. (CALL) Trading 2.8% Higher
Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) traded up 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 traded. The stock had previously closed at $5.28.
Separately, Zacks Investment Research downgraded shares of magicJack VocalTec from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.
The stock has a 50 day moving average price of $6.11 and a 200-day moving average price of $6.51. The company has a market capitalization of $86.57 million and a price-to-earnings ratio of 10.02.
magicJack VocalTec (NASDAQ:CALL) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. The company had revenue of $25.30 million for the quarter, compared to analysts’ expectations of $26.60 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’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 EPS 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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