Oppenheimer (NYSE: OPY) initiated coverage on shares of VocalTec Communications Ltd (NASDAQ: CALL) in a research note issued on Monday. They set an “outperform” rating on the stock.
VocalTec Communications Ltd. (VocalTec) is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. The Company provides trunking, peering and residential/enterprise VoIP application solutions that enable flexible deployment of next-generation networks (NGNs), as well as VoIP and intelligent network (IN) solution targeted specifically at mobile service providers. VocalTec develops, markets and supports advanced telecom solutions that enable the deployment and migration of telephony networks from legacy networks to next generation, packet-based networks and the implementation of Greenfield next generation telecom networks. Designed for carriers, the Company’s standards-based solutions handle call control, media relay, signaling and security within NGN and mobile networks. In December 2009, the Company acquired certain assets and assumed certain liabilities of Outsmart Ltd.
Shares of VocalTec Communications Ltd traded up 0.58% during mid-day trading on Monday, hitting $17.21. VocalTec Communications Ltd has a one year low of $9.105 and a one year high of $17.58. The stock’s 50-day moving average is $13.9 and its 200-day moving average is $11.74. The company’s market cap is $373.0 million.