Trading Report: The magicJack VocalTec Ltd. (CALL) Lifted to “Hold” at Zacks Investment Research

The magicJack VocalTec Ltd. (CALL) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of magicJack VocalTec Ltd. (NASDAQ:CALL) 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 6.11 on Tuesday. The company has a 50-day moving average of $6.22 and a 200 day moving average of $6.13. magicJack VocalTec has a one year low of $5.27 and a one year high of $12.50. The company has a market cap of $96.87 million, a P/E ratio of 11.21 and a beta of 1.45.

magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ 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. magicJack VocalTec had a net margin of 8.89% and a return on equity of 33.80%. magicJack VocalTec’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Analysts anticipate that magicJack VocalTec will post $0.64 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CALL. O Shaughnessy Asset Management LLC boosted its position in magicJack VocalTec by 425.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 21,640 shares of the company’s stock worth $136,000 after buying an additional 17,522 shares in the last quarter. Citadel Advisors LLC boosted its position in magicJack VocalTec by 60.1% in the second quarter. Citadel Advisors LLC now owns 21,940 shares of the company’s stock worth $138,000 after buying an additional 8,240 shares in the last quarter. A.R.T. Advisors LLC boosted its position in magicJack VocalTec by 18.0% in the second quarter. A.R.T. Advisors LLC now owns 22,286 shares of the company’s stock worth $140,000 after buying an additional 3,400 shares in the last quarter. Acrospire Investment Management LLC boosted its position in magicJack VocalTec by 113.1% in the second quarter. Acrospire Investment Management LLC now owns 25,083 shares of the company’s stock worth $158,000 after buying an additional 13,313 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in magicJack VocalTec by 236.3% in the first quarter. Geode Capital Management LLC now owns 62,473 shares of the company’s stock worth $409,000 after buying an additional 43,895 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

magicJack VocalTec Company Profile

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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