Revenue Update on magicJack VocalTec Ltd(NASDAQ:CALL)

magicJack VocalTec Ltd(NASDAQ:CALL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $23.826M. Analysts estimated a revenue of $24.190M. The revenues were -1.5% below the estimates. Earnings per share were $0.14. The reported EPS was below estimates by -6.67%. Analysts had estimated an EPS of $0.15.

magicJack VocalTec Ltd (CALL) made into the market gainers list on Fridays trading session with the shares advancing 7.88% or 0.65 points. Due to strong positive momentum, the stock ended at $8.9, which is also near the day’s high of $8.9. The stock began the session at $8.3 and the volume stood at 2,50,472 shares. The 52-week high of the shares is $8.9 and the 52 week low is $5.27. The company has a current market capitalization of $143 M and it has 1,60,50,687 shares in outstanding.

Several Insider Transactions has been reported to the SEC. 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.

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