AudioCodes Ltd. (AUDC) Shares Down 1.7%
Shares of AudioCodes Ltd. (NASDAQ:AUDC) dropped 1.7% during trading on Wednesday . The stock traded as low as $4.08 and last traded at $4.08, with a volume of 78,299 shares trading hands. The stock had previously closed at $4.15.
AUDC has been the subject of several recent research reports. Zacks Investment Research raised shares of AudioCodes from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Friday, May 6th. William Blair restated a “buy” rating on shares of AudioCodes in a research report on Wednesday, May 4th.
The company’s 50 day moving average is $3.97 and its 200 day moving average is $4.19. The stock has a market capitalization of $152.63 million and a price-to-earnings ratio of 372.273.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $34.80 million for the quarter, compared to the consensus estimate of $33.71 million. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. Analysts forecast that AudioCodes Ltd. will post $0.24 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.