AudioCodes Ltd. (AUDC) Stock Price Up 2.7%
Shares of AudioCodes Ltd. (NASDAQ:AUDC) rose 2.7% during mid-day trading on Friday . The company 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.
AUDC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of AudioCodes from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, July 28th. Needham & Company LLC lifted their price objective on shares of AudioCodes from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Wednesday, July 27th. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a report on Tuesday, July 26th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AudioCodes in a report on Thursday, July 28th.
The firm has a market cap of $155.45 million and a P/E ratio of 51.33. The company has a 50-day moving average price of $4.17 and a 200 day moving average price of $4.22.
AudioCodes (NASDAQ:AUDC) last announced its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $35.38 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts forecast 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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