magicJack VocalTec Ltd (CALL) Releases Earnings Results, Beats Expectations By $0.06 EPS

magicJack VocalTec Ltd (CALL) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.21. The company posted revenue of $25.30 million in the period, compared to analysts expectations of $26.59 million. The company’s revenue was down -.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

magicJack VocalTec Ltd opened for trading at $5.85 and hit $6.05 on the upside on Monday, eventually ending the session at $6.05, with a gain of 1.17% or 0.07 points. The heightened volatility saw the trading volume jump to 87,633 shares. Company has a market cap of $96 M.

In a different news, on Oct 8, 2015, Yoseph Dauber (director) sold 2,000 shares at $9.24 per share price.

magicJack VocalTec Ltd. (magicJack VocalTec) is a cloud communications company. The Company provides magicJack devices and other magicJack products and services such as magicJack Devices that include magicJack magicJack PLUS and magicJack GO and magicJack APP. The magicJack magicJack PLUS and magicJack GO are voice-over-Internet-Protocol (VoIP) devices. The magicJack APP is an application that allows users to make and receive telephone calls through the computer or through smart phones using magicJack account. The Company also owns a micro-processor chip design company an appserver and session border controller company a wholesale provider of VoIP services a softphone company and the developer and provider of the magicJack product line. The Company also wholesales telephone service to VoIP providers and telecommunication carriers.

magicJack VocalTec Ltd

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