Revenue Update on magicJack VocalTec Ltd(NASDAQ:CALL)

magicJack VocalTec Ltd(NASDAQ:CALL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $25.30M. Analysts estimated a revenue of $26.60M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.21.

magicJack VocalTec Ltd (CALL) shares turned negative on Wednesdays trading session with the shares closing down -0.41 points or -7.21% at a volume of 2,13,523. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.703. The peak price level was also seen at $5.703 while the days lowest was $5.28. Finally the shares closed at $5.28. The 52-week high of the shares is $12.5 while the 52-week low is $5.28. According to the latest information available, the market cap of the company is $84 M.

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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