Why magicJack VocalTec (CALL) Stock Is Falling in After-Hours Trading Monday

NEW YORK (TheStreet) -- magicJack VocalTec (CALL) was falling -1.5% to $12.86 after-hours Monday after missing analysts’ estimates for earnings in the second quarter.

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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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."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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