Oppenheimer Reiterates Perform On Vocaltec Communications Following Weak 3Q14


Oppenheimer analyst Timothy Horan reiterated a Perform rating on Vocaltec Communications (NASDAQ:CALL), following the company’s third-quarter results, posting EPS of $0.09 (using a 28% tax rate) was below Oppenheimer’s $0.15 estimate. No price target was provided.

Horan noted, “Positively, management reiterated its 2014 guidance, which suggests that this is the bottom on EBITDA and growth will come from international calling and the texting app, both of which should launch in the next few months; also, the new device sales have greatly improved. Mexico should also begin to contribute to revenue in 2015, along with the SOHO business. We expect solid demand for the new texting product and international calling plans, but have lowered estimates on the delayed launch and for incremental spending on growth. Model is attached.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Timothy Horan has a total average return of 11.2% and a 53.6% success rate. Horan has a -12.3% average return when recommending CALL, and is ranked #731 out of 3367 analysts.

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