AudioCodes Ltd. (AUDC) Trading Up 2.2%
Shares of AudioCodes Ltd. (NASDAQ:AUDC) were up 2.2% during trading on Thursday . The stock traded as high as $5.65 and last traded at $5.57, with a volume of 376,489 shares changing hands. The stock had previously closed at $5.45.
Several equities analysts recently weighed in on AUDC shares. Zacks Investment Research lowered shares of AudioCodes from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Drexel Hamilton restated a “hold” rating on shares of AudioCodes in a report on Thursday, July 28th. William Blair restated a “buy” rating on shares of AudioCodes in a report on Wednesday, May 4th. Finally, Needham & Company LLC increased their price objective on shares of AudioCodes from $5.00 to $5.50 and gave the company a “buy” rating in a report on Wednesday, July 27th.
The firm has a market cap of $206.17 million and a price-to-earnings ratio of 68.07. The firm’s 50-day moving average is $4.49 and its 200 day moving average is $4.30.
AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $35.38 million. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. Equities research analysts predict 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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