Canaccord Maintains Hold On Vocaltec Communications Following A Review Of 10-Q


In a research report issued today, Canaccord Genuity analyst Greg Miller maintained a Hold rating on Vocaltec Communications (NASDAQ:CALL) with a price target of $12.00, which implies an upside of 56% from current levels.

Miller said, “Following a review of the company’s 10-Q, we are making very slight changes to our estimates. The net result of our review is a small increase in revenue, an inconsequential increase in EBITDA and no change to our EPS estimates. Consequently, our rating, target and investment thesis remain unchanged. Our $12 price target implies roughly 5.0x 2015E EBITDA and 15.2x 2015E EPS.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Greg Miller has a total average return of 5.3% and a 70.5% success rate. Miller is ranked #955 out of 3408 analysts.

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