Oppenheimer Maintains an 'Outperform' on VocalTec Communications (CALL); Raising Magic Numbers
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Price: $8.67 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Oppenheimer maintains an 'Outperform' on VocalTec Communications (NASDAQ: CALL) price target of $32.00 (from $30.00).
Analyst, Timothy Horan, said, "CALL provided revenue and EPS guidance for 3Q12 above our estimates. We are increasing our 3Q12E EPS to $0.60 from $0.42 and FY12E goes to $1.65 from $1.52. The upside was largely due to lower marketing, but network expenses were also contained. Negatively, the lower marketing spending and the uncertain launch date of the new magicJack will likely impact revenues. We have lowered our 4Q12 and 2013 revenue estimates. We are maintaining our 2013 EPS estimate, given the company's demonstrated cost management. Positively, the new magicJack is performing well, and we think the viral growth in app downloads bodes very well for long-term growth and profitability."
FY12 EPS estimate raised from $1.52 to $1.65.
For an analyst ratings summary and ratings history on VocalTec Communications click here. For more ratings news on VocalTec Communications click here.
Shares of VocalTec Communications closed at $26.54 yesterday.
Analyst, Timothy Horan, said, "CALL provided revenue and EPS guidance for 3Q12 above our estimates. We are increasing our 3Q12E EPS to $0.60 from $0.42 and FY12E goes to $1.65 from $1.52. The upside was largely due to lower marketing, but network expenses were also contained. Negatively, the lower marketing spending and the uncertain launch date of the new magicJack will likely impact revenues. We have lowered our 4Q12 and 2013 revenue estimates. We are maintaining our 2013 EPS estimate, given the company's demonstrated cost management. Positively, the new magicJack is performing well, and we think the viral growth in app downloads bodes very well for long-term growth and profitability."
FY12 EPS estimate raised from $1.52 to $1.65.
For an analyst ratings summary and ratings history on VocalTec Communications click here. For more ratings news on VocalTec Communications click here.
Shares of VocalTec Communications closed at $26.54 yesterday.
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