August 8, 2012 at 12:00–The inventor of VOIP, magicJack VocalTec Ltd (CALL, quote) has continued to outperform larger telephone companies such as Verizon Communications (VZ, quote). Year to date, VocalTec is up by 61.05%. Verizon by contrast, has risen only 15.06%.
VocalTec recently released a bullish revision to its earnings estimates to 48 to 52 cents per share on revenues of $37.5 to $38.5 million for the second quarter. In addition, full year guidance was increased to a range of $1.50 and $1.80, compared with a previous forecast of $1.25 to $1.70. “It looks like sales of devices and renewals are strong, which bodes well for future growth,” noted Tim Horan, an analyst for high tech industry stocks at Oppenheimer & Company…Read More>>