Shares of AudioCodes Ltd. (NASDAQ:AUDC) traded down 1.9% during trading on Monday . The company traded as low as $5.12 and last traded at $5.25, with a volume of 107,956 shares. The stock had previously closed at $5.35.

A number of analysts have commented on the company. Zacks Investment Research upgraded AudioCodes from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Thursday, July 28th. William Blair reiterated a “buy” rating on shares of AudioCodes in a research report on Tuesday, July 26th. Needham & Company LLC boosted their target price on AudioCodes from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of AudioCodes in a research report on Thursday, July 28th.

The stock’s 50 day moving average is $4.45 and its 200 day moving average is $4.29. The company has a market cap of $186.46 million and a price-to-earnings ratio of 61.57.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. During the same period last year, the business posted ($0.01) EPS. The company earned $35.90 million during the quarter, compared to the consensus estimate of $35.38 million. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. 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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