AudioCodes Ltd. (AUDC) Reaches New 12-Month High at $5.74
AudioCodes Ltd. (NASDAQ:AUDC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.74 and last traded at $5.68, with a volume of 313,785 shares trading hands. The stock had previously closed at $5.70.
Several research analysts recently commented on AUDC shares. Zacks Investment Research cut AudioCodes from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Drexel Hamilton reissued a “hold” rating on shares of AudioCodes in a research report on Thursday, July 28th. Needham & Company LLC increased their price target on AudioCodes from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, William Blair reissued a “buy” rating on shares of AudioCodes in a research report on Tuesday, July 26th.
The firm has a market capitalization of $203.98 million and a P/E ratio of 67.35. The stock’s 50 day moving average price is $4.54 and its 200-day moving average price is $4.31.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business earned $35.90 million during the quarter, compared to the consensus estimate of $35.38 million. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. Equities analysts anticipate 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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