AudioCodes Ltd. (AUDC) Sets New 52-Week High at $4.93
AudioCodes Ltd. (NASDAQ:AUDC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.93 and last traded at $4.89, with a volume of 86,615 shares. The stock had previously closed at $4.68.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Drexel Hamilton reiterated a “hold” rating on shares of AudioCodes in a research note on Thursday, July 28th. Needham & Company LLC increased their price objective on shares of AudioCodes from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, William Blair reiterated a “buy” rating on shares of AudioCodes in a research note on Tuesday, July 26th.
The company has a 50-day moving average price of $4.21 and a 200-day moving average price of $4.23. The company has a market capitalization of $177.76 million and a PE ratio of 58.6916.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The company earned $35.90 million during the quarter, compared to analyst estimates of $35.38 million. AudioCodes’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts forecast that AudioCodes Ltd. will post $0.25 EPS for the current fiscal 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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