AudioCodes Ltd. (AUDC) Hits New 52-Week High at $5.24
AudioCodes Ltd. (NASDAQ:AUDC) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $5.24 and last traded at $5.19, with a volume of 156,818 shares trading hands. The stock had previously closed at $5.08.
A number of research analysts recently commented on AUDC shares. Zacks Investment Research lowered AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Needham & Company LLC upped 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. Drexel Hamilton reiterated a “hold” rating on shares of AudioCodes in a research report on Thursday, July 28th. Finally, William Blair reiterated a “buy” rating on shares of AudioCodes in a research report on Tuesday, July 26th.
The firm’s 50 day moving average price is $4.30 and its 200 day moving average price is $4.25. The company has a market cap of $189.75 million and a PE ratio of 62.65.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company 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 prior year, the business earned ($0.01) earnings per share. On average, equities analysts anticipate 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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