magicJack VocalTec Ltd (CALL) Rating Increased to Strong-Buy at ValuEngine
magicJack VocalTec Ltd (NASDAQ:CALL) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
magicJack VocalTec (CALL) traded up $2.67 during trading on Thursday, hitting $8.33. The company had a trading volume of 5,582,082 shares, compared to its average volume of 129,467. magicJack VocalTec has a fifty-two week low of $5.55 and a fifty-two week high of $8.90. The company has a market capitalization of $92.65, a PE ratio of 8.33 and a beta of 0.53.
magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $22.40 million during the quarter, compared to analysts’ expectations of $21.90 million. magicJack VocalTec had a positive return on equity of 23.63% and a negative net margin of 23.97%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share.
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.
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