Shares of magicJack VocalTec Ltd. (NASDAQ:CALL) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given magicJack VocalTec an industry rank of 60 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded magicJack VocalTec from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th.
A number of large investors have recently made changes to their positions in CALL. Acadian Asset Management LLC boosted its stake in shares of magicJack VocalTec by 10.8% in the first quarter. Acadian Asset Management LLC now owns 643,174 shares of the company’s stock valued at $4,220,000 after buying an additional 62,526 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in shares of magicJack VocalTec during the first quarter valued at approximately $1,413,000. AXA boosted its stake in shares of magicJack VocalTec by 67.8% in the first quarter. AXA now owns 79,094 shares of the company’s stock valued at $519,000 after buying an additional 31,945 shares during the last quarter. Geode Capital Management LLC boosted 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. Finally, Renaissance Technologies LLC boosted its stake in shares of magicJack VocalTec by 22.6% in the first quarter. Renaissance Technologies LLC now owns 599,100 shares of the company’s stock valued at $3,930,000 after buying an additional 110,500 shares during the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of magicJack VocalTec (NASDAQ:CALL) opened at 6.17 on Monday. The stock has a 50 day moving average price of $6.12 and a 200-day moving average price of $6.20. The firm has a market capitalization of $97.83 million, a PE ratio of 11.32 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 issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The business earned $25.30 million during the quarter, compared to the consensus estimate of $26.60 million. magicJack VocalTec had a return on equity of 33.80% and a net margin of 8.89%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Equities analysts anticipate that magicJack VocalTec will post $0.64 earnings per share for the current year.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for magicJack VocalTec Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for magicJack VocalTec Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.