AudioCodes Ltd. (AUDC) Trading Up 2.7%
AudioCodes Ltd. (NASDAQ:AUDC)’s share price was up 2.7% during trading on Friday . The stock traded as high as $4.31 and last traded at $4.26, with a volume of 64,535 shares traded. The stock had previously closed at $4.15.
Several equities analysts recently commented on AUDC shares. Zacks Investment Research upgraded AudioCodes from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Friday, May 6th. William Blair restated a “buy” rating on shares of AudioCodes in a research report on Wednesday, May 4th. Needham & Company LLC raised their target price on AudioCodes from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Drexel Hamilton restated a “hold” rating on shares of AudioCodes in a research report on Thursday, July 28th.
The firm has a market capitalization of $155.45 million and a PE ratio of 51.33. The stock’s 50-day moving average is $4.17 and its 200 day moving average is $4.22.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business earned $35.90 million during the quarter, compared to the consensus estimate of $35.38 million. AudioCodes’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. Analysts expect that AudioCodes Ltd. will post $0.25 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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