New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 28, 2012
10:37 EDTCALLmagicJack climbs after naming CEO, saying 2012 will top expectations
magicJack (CALL), which develops phones that make calls using the Internet, is advancing after the company estimated that it would report higher than expected revenue for its fourth quarter. The company predicted that its operating income for the fourth quarter would be 70c per share. One analyst had forecast that the company's operating income per share would be 51c, but that estimate may not compare directly to magicJack's outlook. magicJack also announced that it had named Gerald Vento as its CEO, effective January 1. The founder of wireless services company TeleCorp PCS, Vento has been serving as magicJack's chairman. During Vento's tenure as CEO of TeleCorp PCS, that company's annual revenue reached $1.1B, and it was sold to AT&T (T) for $5.7B in 2002, according to magicJack. magicJack board member Donald Burns, who has also been "an experienced and successful public telecom company founder and CEO," will become chairman of magicJack, the company added. In mid-morning trading, magicJack rose 91c, or 5.59%, to $17.19.
News For CALL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 23, 2014
10:02 EDTCALLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:30 EDTCALLmagicJack initiated with a Buy at Sidoti
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use