magicJack VocalTec Ltd. (CALL) Issues Earnings Results, Beats Expectations By $0.15 EPS
magicJack VocalTec Ltd. (NASDAQ:CALL) posted its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.15. magicJack VocalTec had a net margin of 9.05% and a return on equity of 31.47%. The business earned $24.57 million during the quarter, compared to the consensus estimate of $26.10 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.
Shares of magicJack VocalTec (NASDAQ:CALL) opened at 6.50 on Friday. The stock has a market cap of $103.06 million, a P/E ratio of 11.93 and a beta of 1.57. The company’s 50-day moving average is $6.11 and its 200-day moving average is $6.12. magicJack VocalTec has a 12-month low of $5.27 and a 12-month high of $10.68.
Separately, Zacks Investment Research upgraded shares of magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Thursday, August 25th.
Several hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake 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 increased its stake 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 increased its stake 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. Finally, Ameriprise Financial Inc. increased its stake in magicJack VocalTec by 8.3% in the third quarter. Ameriprise Financial Inc. now owns 511,004 shares of the company’s stock worth $3,112,000 after buying an additional 38,994 shares in the last quarter. 54.84% of the stock is currently owned by hedge funds and other institutional investors.
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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