AudioCodes Ltd. (AUDC) Stock Price Up 3.7%
AudioCodes Ltd. (NASDAQ:AUDC) shares rose 3.7% during trading on Tuesday . The company traded as high as $5.04 and last traded at $5.03, with a volume of 89,107 shares traded. The stock had previously closed at $4.85.
AUDC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of AudioCodes from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Needham & Company LLC upped 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. Drexel Hamilton reaffirmed a “hold” rating on shares of AudioCodes in a report on Thursday, July 28th. Finally, William Blair reaffirmed a “buy” rating on shares of AudioCodes in a report on Tuesday, July 26th.
The company has a market cap of $189.75 million and a PE ratio of 62.65. The stock’s 50 day moving average is $4.33 and its 200-day moving average is $4.25.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The company earned $35.90 million during the quarter, compared to analysts’ expectations of $35.38 million. AudioCodes’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. Equities 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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