magicJack VocalTec Communications Ltd. (CALL) - NASDAQ
  • Mar. 16, 2015, 5:04 PM
    • Cloud-based telecom MagicJack VocalTec (NASDAQ:CALL) is off 3.1% after hours as it posts a Q4 report where revenues missed expectations and fell almost by a third from the prior year.
    • Adjusted EBITDA of $6.8M was up 66% and beat an expected $5.1M.
    • "While our fourth quarter results were slightly lower than expected, the company more than doubled the number of active magicJackGO subscribers and generated solid adjusted EBITDA," said CEO Gerald Vento.
    • Net revenues from device sales were $3M; access rights renewal revenues were $17.2M; prepaid minute revenues were $2.1M; access and wholesale charges, $2.1M.
    • The company activated 169K subscribers in Q4; average monthly churn was 3.3%.
    • The company announced a new $20M buyback program
    • Conference call started getting under way at 5 p.m. ET.
    | Mar. 16, 2015, 5:04 PM
  • Mar. 16, 2015, 4:38 PM
    • magicJack VocalTec Communications (NASDAQ:CALL): Q4 EPS of $0.15 beats by $0.03.
    • Revenue of $25.71M (-32.7% Y/Y) misses by $1.41M.
    • Shares +1.5% AH.
    | Mar. 16, 2015, 4:38 PM | 2 Comments
  • Mar. 10, 2015, 3:10 PM
    • With the Nasdaq down 1.4%, a long list of tech names are posting major declines. Meanwhile, only a handful of tech companies are up more than 2%.
    • Notable decliners include hard drive giant Seagate (STX -4.4%), VoIP service/app provider magicJack (CALL -5.6%), telecom equipment maker Comtech (CMTL -8.8%), flash controller IC vendor Silicon Motion (SIMO -5.2%), Wi-Fi hardware vendor Ruckus (RKUS -8.7%), online ad retargeting platform Criteo (CRTO -5.1%), haptic tech developer Immersion (IMMR -6.4%), supercomputer maker Cray (CRAY -4.6%), online coupon code provider RetailMeNot (SALE -5.5%), and solar plays JinkoSolar (JKS -5.6%), Daqo (DQ -9.8%), and Enphase (ENPH -8.9%).
    • Immersion has more than given back the Monday gains it saw after Apple, which relies on a proprietary haptic solution that some think infringes on Immersion's IP, unveiled a 12" retina MacBook with a pressure-sensitive trackpad. Solar stocks are reversing course after rallying in recent weeks with the help of good earnings news and YieldCo hopes.
    • Previously covered: Cybersecurity stocks, Canadian Solar/ReneSola, Qihoo, Electronic Arts
    • Notable gainers: Nvidia, MicroVision, Energous, Weibo
    | Mar. 10, 2015, 3:10 PM
  • Jan. 15, 2015, 2:34 PM
    • As was the case yesterday, many tech stocks are posting outsized losses amid a market selloff. The Nasdaq is currently down 1.1%.
    • Twitter (TWTR -5.7%) is among the guilty parties. The microblogging platform has given back a large chunk of the gains it saw last week following Carl Icahn rumors (since denied by Icahn) and Yahoo deal speculation. Its Q4 report arrives on Feb. 5.
    • Many other Internet companies are also off sharply. The list includes jobs site Monster (MWW -6.4%), local services marketplace Angie's List (ANGI -5.9%), online textbook rental leader Chegg (CHGG -5.7%), grocery coupon site Coupons.com (COUP -7.1%), flash deals provider Zulily (ZU -4.7%), and Chinese online real estate plays SouFun (SFUN -8.1%), E-House (EJ -6.3%), and Leju (LEJU -5.6%). Previously covered: Zillow and Trulia.
    • Other tech names posting major declines: M2M hardware provider Sierra Wireless (SWIR -6.2%), ultracapacitor maker Maxwell (MXWL -5.2%), RFID tech provider SuperCom (SPCB -7.1%), VoIP service provider magicJack (CALL -6.1%), NFC reader maker On Track (OTIV -7.1%), haptic tech developer Immersion (IMMR -5.3%), and security tech plays Barracuda (CUDA -6.4%), Vasco (VDSI -7.3%), and Imperva (IMPV -7.8%).
    | Jan. 15, 2015, 2:34 PM | 9 Comments
  • Nov. 11, 2014, 12:45 PM
    | Nov. 11, 2014, 12:45 PM
  • Nov. 10, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: MODN +19.8%. LLNW +12.4%. KRG +10.0%. DTSI +8.1%. SSE +7.4%.
    • Top losers, as of 5:15 p.m.: CALL -15.2%. HALO -9.9%. VSLR -9.7%. CMLS -8.5%. W -7.5%.
    | Nov. 10, 2014, 5:36 PM
  • Nov. 10, 2014, 4:54 PM
    • In spite of growing marketing spend, magicJack (NASDAQ:CALL) had an estimated 2.86M active VoIP subscribers at the end of Q3, nearly flat with the 2.9M it had at the end of Q2 and down from the 3.1M it had at the end of Q1. Monthly average churn was 3.1%.
    • Also: Monthly active unique users for magicJack's free VoIP calling apps were flat Q/Q at 3.4M.
    • While revenue fell 27% Y/Y, GAAP opex rose 60% to $17.1M, thanks in part to a 117% increase in marketing spend to $6.2M. Free cash flow was $3.2M.
    • magicJack ended Q3 with $75.2M in cash, and no debt. After accounting for the AH plunge, its market cap is now at $153M.
    • Q3 results, PR
    | Nov. 10, 2014, 4:54 PM
  • Aug. 12, 2014, 9:16 AM
    | Aug. 12, 2014, 9:16 AM | 1 Comment
  • Aug. 11, 2014, 5:38 PM
    | Aug. 11, 2014, 5:38 PM
  • Aug. 11, 2014, 5:15 PM
    • magicJack (NASDAQ:CALL) saw a 200K Q/Q drop in active magicJack VoIP service subscribers in Q2 to 2.9M. Average monthly churn was 3.1%, down from Q1's 3.3%. Activations fell to 165K from 196K.
    • Notably, no guided is provided in the company's earnings release. magicJack guided in its Q1 report for 2014 revenue of $158M-$163M; consensus is currently at $147.5M.
    • Monthly active users for magicJack's VoIP mobile apps totaled 3.4M at the end of Q2. The company previously announced registered users (not the same as active users) totaled 8.4M at the end of Q1.
    • GAAP opex rose 31% Y/Y to $14.7M, thanks in part to a 70% increase in marketing spend to $4.7M.
    • magicJack had $72M in cash at the end of Q2 - a figure nearly equal to 1/3 of its market cap - and no debt.
    • CALL -3.5% AH. Q2 results, PR.
    | Aug. 11, 2014, 5:15 PM
  • Jun. 18, 2014, 11:29 AM
    • magicJack's (CALL) iOS/Android apps, re-branded under the magicApp name in April, give users the ability to make free 3G/4G and Wi-Fi-based calls to U.S./Canadian numbers, including from overseas locales. They can also be linked with landline magicJack numbers.
    • Registered users for magicJack's mobile apps rose 21% Q/Q in Q1 to 8.4M. At the same time, active magicJack subscribers fell by 100K to 3.1M.
    | Jun. 18, 2014, 11:29 AM
  • May 13, 2014, 12:45 PM
    | May 13, 2014, 12:45 PM | 1 Comment
  • May 13, 2014, 9:15 AM
    | May 13, 2014, 9:15 AM
  • May 12, 2014, 5:49 PM
    • Top gainers, as of 5:15 p.m.: RAX +12.4%. HALO +12.4%. DTV +6.2%. TC +5.0%. MBI +4.3%.
    • Top losers, as of 5:15 p.m.: RDEN -16.2%. CALL -5.9%. BCOR -4.4%. OKS -3.6%. AAN -3.4%.
    | May 12, 2014, 5:49 PM
  • May 12, 2014, 4:47 PM
    • magicJack (CALL) is reiterating guidance for 2014 revenue of $158M-$163M (above a $157.5M consensus) and adjusted EBITDA of $48M-$52M.
    • Registered users for magicJack's VoIP calling apps rose 21% Q/Q in Q1 to 8.4M. But active magicJack subscribers fell by 100K to 3.1M, with sub activations declining by 20K to 196K. Average monthly churn was at 3.3%.
    • Gross margin fell to 63.2% from 63.9% in Q4 and 69.6% a year ago. A 53% Y/Y increase in ad spend to $4.3M helped fuel a 39% increase in opex to $14.7M.
    • Access right renewal revenue rose 4% Q/Q to $15.4M (44% of revenue), and device sales totaled $12M. Free cash flow was $12.8M, +102% Y/Y and above net income of $9.4M.
    • Q1 results, PR
    | May 12, 2014, 4:47 PM
  • Mar. 19, 2014, 5:49 PM
    • Bloomberg observes magicJack (CALL +3.8%) execs spent a portion of their Q4 CC (transcript) talking about the similarities between their company and (drumroll...) WhatsApp, and that CEO Gerald Vento later called a question about whether his company is seeking a buyer a "very appropriate" one.
    • The company (current market cap of $438M) is much more expensive for a prospective bidder than it was going into 2014, thanks to Whitney Tilson's endorsement, a big Q4 beat,  and strong 2014 guidance.
    • If a buyer surfaces, it might be on account of magicJack's free VoIP calling apps, which had 6.9M registered users at the end of 2013 (+23% Q/Q) in a very competitive market featuring Skype, Facebook Messenger, Tango, and many others. WhatsApp will be joining the fray soon.
    | Mar. 19, 2014, 5:49 PM | 1 Comment
Company Description
magicJack VocalTec Ltd. engages in the provision of cloud communications and manufacture of communication devices. Its products and services include telephone home service and voice applications. It operates and distributes under the following the magicJack PLUS and magicJack GO brands. The... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States