UPDATE: Oppenheimer Lowers PT on magicJack VocalTec on Strong 4Q12 Results
April 03, 2013 at 15:50 PM EDT
In a report published Wednesday, Oppenheimer analyst Timothy Horan reiterated an Outperform rating on magicJack VocalTec (NASDAQ: CALL ), but lowered the price target from $32.00 to $26.00. In the report, Horan noted, “magicJack reported very strong 4Q12 results with operating EPS of $0.86 versus our $0.51 estimate. Revenue was
