A Q2 beat is driving shares of magicJack VocalTec (CALL +8.4%) higher. The provider of consumer...

|About: magicJack VocalTec Communic... (CALL)|By:, SA News Editor

A Q2 beat is driving shares of magicJack VocalTec (CALL +8.4%) higher. The provider of consumer VoIP hardware and services saw a 67.5% Y/Y increase in sales of magicJack and magicJack PLUS boxes (now almost 50% of revenue), which offset slower growth in license renewals, prepaid minutes, and access/termination charges. 36.1% of the company's float was shorted as of July 13. (PR)