MagicJack VocalTec Ltd (CALL): Today's Featured Technology Loser

magicJack VocalTec ( CALL) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 2.7%. By the end of trading, magicJack VocalTec fell 24 cents (-1.6%) to $14.84 on average volume. Throughout the day, 460,632 shares of magicJack VocalTec exchanged hands as compared to its average daily volume of 542,200 shares. The stock ranged in price between $14.72-$15.90 after having opened the day at $15.50 as compared to the previous trading day's close of $15.08. Other company's within the Technology sector that declined today were: Identive Group ( INVE), down 17.8%, Bridgeline Digital ( BLIN), down 15.3%, Hoku ( HOKU), down 13.2%, and Webmedia Brands ( WEBM), down 9.9%.

magicJack VocalTec Ltd. provides voice over Internet protocol services over various platforms. It also offers magicJack, a competitive local exchange carrier. The company was formerly known as VocalTec Communications Ltd. and changed its name to magicJack VocalTec Ltd. on May 20, 2011. magicJack VocalTec has a market cap of $291.3 million and is part of the telecommunications industry. The company has a P/E ratio of 62.6, above the average telecommunications industry P/E ratio of 61.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate magicJack VocalTec a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates magicJack VocalTec as a sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share.

On the positive front, Ascent Solar Technologies ( ASTI), up 48.3%, Digital Generation ( DGIT), up 26.5%, Enphase Energy ( ENPH), up 25.5%, and Streamline Health Solutions ( STRM), up 25.3%, were all gainers within the technology sector with Oracle Corporation ( ORCL) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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