AudioCodes (NASDAQ:AUDC) Issues Earnings Results

AudioCodes (NASDAQ:AUDC) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09, Zacks reports. AudioCodes had a net margin of 4.99% and a return on equity of 8.85%.

AudioCodes Stock Performance

Shares of NASDAQ:AUDC opened at $10.12 on Tuesday. The business’s 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $9.80. AudioCodes has a 52-week low of $7.70 and a 52-week high of $14.45. The firm has a market cap of $305.83 million, a P/E ratio of 25.30 and a beta of 0.80.

Analysts Set New Price Targets

Several equities research analysts recently commented on AUDC shares. StockNews.com lowered AudioCodes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 28th. Barclays reduced their price objective on shares of AudioCodes from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of AudioCodes in a research report on Tuesday, January 21st.

About AudioCodes

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.