The company reported earnings of 31 cents a share for the second quarter, meeting the Capital IQ Consensus Estimate for earnings. Revenue fell -10.4% year-over-year to $29.48 for the quarter. Analysts expected revenue of $31.84 million for the quarter.
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EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.TheStreet Ratings team rates MAGICJACK VOCALTEC LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate MAGICJACK VOCALTEC LTD (CALL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: CALL Ratings Report