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, 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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