AudioCodes Ltd. (AUDC) Shares Gap Up to $4.21
Shares of AudioCodes Ltd. (NASDAQ:AUDC) gapped up before the market opened on Monday . The stock had previously closed at $4.19, but opened at $4.21. AudioCodes shares last traded at $4.29, with a volume of 11,377 shares trading hands.
Several analysts have commented on AUDC shares. Zacks Investment Research upgraded AudioCodes from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Friday, May 6th. William Blair reiterated a “buy” rating on shares of AudioCodes in a research note on Wednesday, May 4th.
The stock has a 50-day moving average price of $4.09 and a 200-day moving average price of $4.21. The stock has a market cap of $162.13 million and a PE ratio of 395.45.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business had revenue of $34.80 million for the quarter, compared to analysts’ expectations of $33.71 million. AudioCodes’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts predict that AudioCodes Ltd. will post $0.24 earnings per share for the current year.
AudioCodes Ltd. designs, develops and sells products and services for voice and data over packet networks. The Company’s products primarily provide the media gateway and session border controllers (SBC) element in the network, as well as voice over Internet protocol (VoIP), end-points, such as Internet protocol (IP) Phones and VoIP mobile clients.
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