Breaking News Bar
posted: 9/8/2012 6:15 AM

MagicJack surges to five-month high

hello
Success - Article sent! close
  • MagicJack VocalTec Ltd. climbed to the highest in five months in New York trading after the Israeli maker of phone-over-Internet technology raised its 2012 earnings forecast.

      MagicJack VocalTec Ltd. climbed to the highest in five months in New York trading after the Israeli maker of phone-over-Internet technology raised its 2012 earnings forecast.

 
Bloomberg News

MagicJack VocalTec Ltd. climbed to the highest in five months in New York trading after the Israeli maker of phone-over-Internet technology raised its 2012 earnings forecast.

MagicJack, based in Netanya, Israel, jumped 4.4 percent to $26.55 at 9:57 a.m. in New York, the most since March on an intraday basis. It has gained 94 percent this year.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The technology company boosted its 2012 earnings-per-share outlook to as much as $2, compared with a previous forecast of $1.50 to $1.80, according to a statement today. MagicJack cited sustained demand for its product magicJackPLUS and customers renewing their purchases as reasons for the upward revision in its forecast.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.