magicJack VocalTec Ltd. (NASDAQ:CALL) – Research analysts at Oppenheimer Holdings lowered their FY2017 earnings per share (EPS) estimates for magicJack VocalTec in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst T. Horan now anticipates that the firm will earn $0.77 per share for the year, down from their prior forecast of $0.78.

magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.15. The firm had revenue of $24.57 million for the quarter, compared to analyst estimates of $26.10 million. magicJack VocalTec had a net margin of 9.05% and a return on equity of 30.32%. magicJack VocalTec’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share.

Separately, Zacks Investment Research upgraded shares of magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Friday, August 19th.

Shares of magicJack VocalTec (NASDAQ:CALL) opened at 6.35 on Friday. magicJack VocalTec has a 1-year low of $5.27 and a 1-year high of $10.68. The firm has a market cap of $100.94 million, a price-to-earnings ratio of 11.26 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of CALL. LSV Asset Management raised its position in magicJack VocalTec by 0.3% in the third quarter. LSV Asset Management now owns 562,200 shares of the company’s stock worth $3,423,000 after buying an additional 1,900 shares during the last quarter. A.R.T. Advisors LLC raised 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 during the last quarter. Eagle Global Advisors LLC raised its position in magicJack VocalTec by 44.0% in the second quarter. Eagle Global Advisors LLC now owns 96,611 shares of the company’s stock worth $608,000 after buying an additional 29,540 shares during the last quarter. Citadel Advisors LLC raised 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC raised 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 during the last quarter. Institutional investors and hedge funds own 54.84% of the company’s stock.

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.

5 Day Chart for NASDAQ:CALL

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