magicJack VocalTec Ltd. (NASDAQ:CALL) – Research analysts at Oppenheimer Holdings lowered their FY2017 EPS estimates for magicJack VocalTec in a report released on Wednesday. Oppenheimer Holdings analyst T. Horan now expects that the firm will earn $0.73 per share for the year, down from their prior forecast of $0.77. Oppenheimer Holdings also issued estimates for magicJack VocalTec’s FY2018 earnings at $0.75 EPS.
Separately, Zacks Investment Research upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th.
Shares of magicJack VocalTec (NASDAQ:CALL) traded down 0.63% on Thursday, hitting $7.95. The stock had a trading volume of 146,685 shares. The stock has a market cap of $126.37 million, a P/E ratio of 14.10 and a beta of 1.63. The firm’s 50-day moving average is $7.38 and its 200 day moving average is $6.50. magicJack VocalTec has a 1-year low of $5.27 and a 1-year high of $8.73.
Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in magicJack VocalTec by 0.3% in the third quarter. LSV Asset Management now owns 562,200 shares of the company’s stock valued at $3,423,000 after buying an additional 1,900 shares during the period. A.R.T. Advisors LLC boosted 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 valued at $140,000 after buying an additional 3,400 shares in the last quarter. Citadel Advisors LLC boosted 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 valued at $138,000 after buying an additional 8,240 shares in the last quarter. California Public Employees Retirement System boosted its position in magicJack VocalTec by 8.8% in the second quarter. California Public Employees Retirement System now owns 157,100 shares of the company’s stock valued at $988,000 after buying an additional 12,700 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted 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 valued at $136,000 after buying an additional 17,522 shares in the last quarter. Institutional investors own 52.07% 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.