AudioCodes Ltd. (AUDC) Reaches New 52-Week High at $5.52
AudioCodes Ltd. (NASDAQ:AUDC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $5.52 and last traded at $5.43, with a volume of 1,008,156 shares traded. The stock had previously closed at $5.22.
A number of equities analysts recently commented on AUDC shares. Zacks Investment Research downgraded AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Drexel Hamilton restated a “hold” rating on shares of AudioCodes in a research note on Thursday, July 28th. William Blair restated a “buy” rating on shares of AudioCodes in a research note on Wednesday, May 4th. Finally, Needham & Company LLC lifted their target price on AudioCodes from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, July 27th.
The company’s 50-day moving average price is $4.49 and its 200 day moving average price is $4.30. The company has a market capitalization of $198.87 million and a P/E ratio of 65.66.
AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $35.38 million. During the same period in the prior year, the firm earned ($0.01) EPS. The firm’s revenue was up 10.8% on a year-over-year basis. Analysts predict that AudioCodes Ltd. will post $0.25 EPS 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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