AudioCodes Ltd. (AUDC) Sees Unusually-High Trading Volume
AudioCodes Ltd. (NASDAQ:AUDC) shares saw strong trading volume on Wednesday . 157,512 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 137,649 shares.The stock last traded at $4.65 and had previously closed at $4.47.
A number of equities analysts have weighed in on the stock. William Blair reiterated a “buy” rating on shares of AudioCodes in a report on Wednesday, May 4th. Zacks Investment Research lowered shares of AudioCodes from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Drexel Hamilton reiterated a “hold” rating on shares of AudioCodes in a report on Thursday, July 28th. Finally, Needham & Company LLC lifted their price target 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’s 50-day moving average is $4.21 and its 200-day moving average is $4.23. The firm has a market cap of $170.77 million and a price-to-earnings ratio of 56.39.
AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business earned $35.90 million during the quarter, compared to the consensus estimate of $35.38 million. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Equities research analysts forecast that AudioCodes Ltd. will post $0.25 earnings per share 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.