magicJack VocalTec (CALL) Announces $20M Stock Repurchase Plan
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magicJack Announces New $20m Stock Repurchase Program
March 16, 2015 4:35 PM EDTWEST PALM BEACH, Fla. and JERUSALEM, March 16, 2015 (GLOBE NEWSWIRE) -- magicJack VocalTec Ltd. (Nasdaq: CALL), a leading VoIP cloud-based communications company, today announced that its Board of Directors has authorized a new share repurchase program under which the company may repurchase up to $20.0 million of its outstanding common stock from time to time on the open market or in privately negotiated transactions. The company's prior $100 million repurchase program, pursuant to which $91.3 million of its outstanding common stock was repurchased and $8.7 million remained authorized for repurchases has been terminated.
"We are pleased to be... More
magicJack Reports Fourth Quarter and Full Year 2014 Financial Results
March 16, 2015 4:33 PM EDTTotal net revenues of $116.3 million during FY14 Access rights renewal revenues up 15% year-over-year in FY14 to $65.5 million FY14 GAAP operating income of $13.6 million, adjusted EBITDA of $29.6 million FY14 GAAP diluted EPS of $0.21, non-GAAP diluted EPS of $1.14 Generated $22.8 million in free cash flow during FY14 Cash and cash equivalents of $75.9 million and no debt as of December 31, 2014 Announced a new $20 million share repurchase program
WEST PALM BEACH, Fla. and JERUSALEM, March 16, 2015 (GLOBE NEWSWIRE) -- magicJack... More
