Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned magicJack VocalTec an industry rank of 62 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st.
Shares of magicJack VocalTec (NASDAQ:CALL) traded down 0.17% during trading on Monday, hitting $6.05. The stock had a trading volume of 8,661 shares. The stock’s 50 day moving average is $6.12 and its 200 day moving average is $6.24. The stock has a market capitalization of $95.92 million, a price-to-earnings ratio of 11.10 and a beta of 1.15. magicJack VocalTec has a 52 week low of $5.27 and a 52 week high of $12.50.
magicJack VocalTec (NASDAQ:CALL) last released its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. magicJack VocalTec had a return on equity of 33.80% and a net margin of 8.89%. The business had revenue of $25.30 million for the quarter, compared to the consensus estimate of $26.60 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts expect that magicJack VocalTec will post $0.64 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its stake in magicJack VocalTec by 10.8% in the first quarter. Acadian Asset Management LLC now owns 643,174 shares of the company’s stock worth $4,220,000 after buying an additional 62,526 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in magicJack VocalTec during the first quarter worth $1,413,000. AXA increased its stake in magicJack VocalTec by 67.8% in the first quarter. AXA now owns 79,094 shares of the company’s stock worth $519,000 after buying an additional 31,945 shares during the last quarter. Geode Capital Management LLC increased its stake 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 during the last quarter. Finally, Renaissance Technologies LLC increased its stake in magicJack VocalTec by 22.6% in the first quarter. Renaissance Technologies LLC now owns 599,100 shares of the company’s stock worth $3,930,000 after buying an additional 110,500 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors.
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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