Zacks Investment Research upgraded shares of magicJack VocalTec Ltd. (NASDAQ:CALL) from a sell rating to a hold rating in a research report released on Tuesday morning.

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) traded down 2.58% during mid-day trading on Tuesday, hitting $6.04. 15,959 shares of the stock were exchanged. The firm has a market cap of $95.76 million, a price-to-earnings ratio of 11.08 and a beta of 1.45. The company has a 50 day moving average price of $6.23 and a 200 day moving average price of $6.13. magicJack VocalTec has a 52-week low of $5.27 and a 52-week high of $12.50.

magicJack VocalTec (NASDAQ:CALL) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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. 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 in the previous year, the company posted $0.38 EPS. On average, analysts anticipate that magicJack VocalTec will post $0.64 EPS for the current year.

Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in shares of magicJack VocalTec by 425.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 21,640 shares of the company’s stock valued at $136,000 after buying an additional 17,522 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of magicJack VocalTec by 60.1% in the second quarter. Citadel Advisors LLC now owns 21,940 shares of the company’s stock valued at $138,000 after buying an additional 8,240 shares during the last quarter. A.R.T. Advisors LLC raised its stake in shares of magicJack VocalTec by 18.0% in the second quarter. A.R.T. Advisors LLC now owns 22,286 shares of the company’s stock valued at $140,000 after buying an additional 3,400 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of magicJack VocalTec by 113.1% in the second quarter. Acrospire Investment Management LLC now owns 25,083 shares of the company’s stock valued at $158,000 after buying an additional 13,313 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of magicJack VocalTec by 236.3% in the first quarter. Geode Capital Management LLC now owns 62,473 shares of the company’s stock valued at $409,000 after buying an additional 43,895 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

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.

5 Day Chart for NASDAQ:CALL

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