AudioCodes (NASDAQ:AUDC – Get Free Report) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect AudioCodes to post earnings of $0.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
AudioCodes (NASDAQ:AUDC – Get Free Report) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. AudioCodes had a return on equity of 7.35% and a net margin of 3.59%. The business had revenue of $63.56 million during the quarter, compared to analysts’ expectations of $64.18 million. On average, analysts expect AudioCodes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AudioCodes Stock Performance
Shares of AUDC opened at $11.05 on Monday. AudioCodes has a one year low of $7.14 and a one year high of $14.45. The stock has a 50 day moving average price of $12.33 and a 200 day moving average price of $11.68. The stock has a market capitalization of $335.04 million, a price-to-earnings ratio of 39.46, a PEG ratio of 0.65 and a beta of 0.84.
AudioCodes Announces Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of AudioCodes from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. StockNews.com upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Finally, Needham & Company LLC raised their price objective on AudioCodes from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th.
Read Our Latest Report on AudioCodes
AudioCodes Company Profile
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.
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