Last $13.90 USD
Change Today -0.14 / -1.00%
Volume 179.2K
CALL On Other Exchanges
Symbol
Exchange
NASDAQ GM
Mexico
Frankfurt
As of 2:42 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

magicjack vocaltec ltd (CALL) Key Developments

magicJack VocalTec Ltd. Launches magicJackGO

magicJack VocalTec Ltd. announced the launch of the magicJackGO, an ultra low cost voice service that provides customers with a single number that can be used on both traditional phones and smartphones, including iPhone and Android devices. The magicJackGO is available for $59.95, which includes a phone number, the magicJackGO device for home/office, the magicApp free calling companion app and one year of unlimited calling in the U.S. and Canada. A limited launch promotion also includes a $10 credit that can be redeemed for other value-add services such as number porting, custom phone numbers and international calling services. The launch of magicJackGO highlights the company's repositioning of the magicJack low cost phone service, designed to broaden the appeal of the company's unrivaled value priced offer and extend the functionality of the service to mobile consumers. Throughout the first half of 2014, the company has been preparing for the launch of magicJackGO with longstanding retail partners Walmart, RadioShack, Best Buy, Target and Fry's. The magicJackGO is available at magicJack.com and is rolling into retail stores now. The new over-the-top app for free calling, magicApp, is available for free download in iTunes and Google Play. The two work together or independently, offering ultra-low cost calling options as well as one number for use at home, in the office and on the go via mobile devices. The magicJackGO device uses a broadband connection in the home or office for unlimited calls in the U.S. and Canada, as well as free international calls back to the U.S. from anywhere in the world. magicJackGO includes 12 months of unlimited local and long distance calling to the U.S. and Canada, a free conference call number, improved call quality and ultra-low pricing at just $59.95. After the first year, the same great service is only $35 per year, less than $3 a month, and also provides free call waiting, call forwarding, 411, voicemail and caller ID. magicJackGO can be set up in two easy steps: connect GO to an existing high-speed Internet connection and then to an existing home or office phone and start calling! Existing numbers can be ported to magicJack for a one-time fee of $10.

magicJack Announces Strategic Commercial Agreement With Telefonica, S.A. to Sell magicJack Products and Services in Latin America

magicJack VocalTec Ltd. announced that it has entered into a strategic commercial agreement with Telefónica, S.A. The agreement provides a framework under which magicJack products and services, including the magicJack device and the magicJack APP, can be sold in multiple countries throughout Latin America. The agreement is subject to the completion of a country-specific agreement for each market. magicJack is currently working on a pilot to be launched in the second half of 2014. If the pilot yields positive results, magicJack plans to implement an accelerated rollout of magicJack offerings backed by aggressive marketing efforts in Central and South America towards the end of 2014 and into the beginning of 2015. The offerings will be co-branded with magicJack, with specific branding strategies to be set on a country-by-country basis.

magicJack VocalTec Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year and Second Quarter of 2014

magicJack VocalTec Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company net revenues of $35,313,000 compared with $36,877,000 for the same period a year ago. Operating income was $7,601,000 compared with $15,240,000 for the same period a year ago. Income before income taxes was $7,583,000 compared with $14,784,000 for the same period a year ago. Net income was $5,319,000 or $0.30 per basic and diluted share compared with $9,586,000 or $0.51 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $11,589,000 compared with $15,611,000 for the same period a year ago. Non-GAAP net income was $9,404,000 or $0.53 per diluted share compared with $14,790,000 or $0.79 per diluted share for the same period a year ago. Net cash provided by operating activities was $14,190,000 compared with $16,626,000 for the same period a year ago. Capital expenditures were $1,360,000 compared with $84,000 for the same period a year ago. The quarter-over-quarter decrease in net revenue was primarily due to a decrease in device revenues as the company begins to wind down sales of the new magicJack PLUS in preparation for the new device launch in the second quarter. The company provided earnings guidance for the full year of 2014. Total net revenues for the full year 2014 are projected to be in the range of $158 and $163 million. Adjusted EBITDA for the full year 2014 is projected to be in the range of $48 and $52 million. For the full year 2014 the effective tax rate is expected to be approximately 30% to 31%. The company expects second quarter revenues and adjusted EBITDA to decrease as the company ramp down sales of the existing device and prepare for the launch of the new magicJack go. Specifically, the company projects second quarter of 2014 revenues to be slightly below second quarter revenues for 2013 when the company was in a similar position of transitioning to a new device launch.

magicJack VocalTec Ltd. to Report Q1, 2014 Results on May 12, 2014

magicJack VocalTec Ltd. announced that they will report Q1, 2014 results at 5:00 PM, Israel Standard Time on May 12, 2014

magicJack VocalTec Ltd., Q1 2014 Earnings Call, May 12, 2014

magicJack VocalTec Ltd., Q1 2014 Earnings Call, May 12, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CALL:US $13.90 USD -0.14

CALL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Carphone Warehouse Group PLC 339.00 GBp +2.40
Hawaiian Telcom Holdco Inc $28.61 USD -0.11
Net Talk.com Inc $0.20 USD 0.00
TalkTalk Telecom Group PLC 319.00 GBp -4.00
Tiscali SpA €0.06 EUR -0.0009
View Industry Companies
 

Industry Analysis

CALL

Industry Average

Valuation CALL Industry Range
Price/Earnings 3.9x
Price/Sales 1.8x
Price/Book 5.6x
Price/Cash Flow 3.8x
TEV/Sales 1.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MAGICJACK VOCALTEC LTD, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.