CALL Profile
magicJack
VocalTec Ltd. (CALL) is an Israeli-American company that provides
Voice over Internet Protocol (VoIP) services for residential and
business customers. The company's products include the magicJack
device, which allows users to make and receive calls over the
internet, and the magicApp, which allows users to make and receive
calls using a smartphone or tablet.
Founded in 1989 as a
computer security company, VocalTec Communications Ltd. was the first
company to develop and market VoIP technology. In 2008, the company
merged with magicJack, and in 2010, the merged company became publicly
traded on the NASDAQ stock exchange under the ticker symbol CALL.
In recent years, magicJack has faced increased competition from
other VoIP providers, as well as from traditional telecommunications
companies that are expanding into the VoIP market. The company has
also faced criticism over its customer service and billing practices.
Despite these challenges, magicJack has continued to generate
revenue through the sale of its devices and services. In 2020, the
company reported total revenue of $94.9 million, up from $90.7 million
in 2019. The company's net income for 2020 was $3.8 million, up from
$1.1 million in 2019.
As of March 2023, CALL is traded on the
NASDAQ stock exchange and has a market capitalization of approximately
$
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