magicJack VocalTec Ltd. (CALL) Shares Up 4%
Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) were up 4% during mid-day trading on Thursday . The stock 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 upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a research note on Thursday.
The stock’s 50 day moving average is $6.08 and its 200 day moving average is $6.44. The company has a market cap of $96.87 million and a price-to-earnings ratio of 11.21.
magicJack VocalTec (NASDAQ:CALL) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm earned $25.30 million during the quarter, compared to analysts’ expectations of $26.60 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate 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.
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