Oppenheimer Maintains an 'Outperform' on VocalTec Communications (CALL); Raising Magic Numbers
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magicJack VocalTec (CALL) Boosts Q3, FY12 EPS and Sales Expectations
September 6, 2012 7:03 AM EDTmagicJack VocalTec, Ltd. (Nasdaq: CALL) communicated recent revised estimates and continued reduced costs. The Company will keep the investment community informed of matters that may be deemed pertinent during the repurchase program as they become available.
The Company estimates revenue to be $40-$41 million for the third quarter (over 60 percent growth over Q3 2011) due to continued strong magicJack PLUS and renewal sales to customers. In addition, by the end of 2013, magicJack hopes to have sold one million vanity and ported phone numbers. The Company estimates GAAP EPS will be... More
