Media stories about AudioCodes (NASDAQ:AUDC) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AudioCodes earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 46.325703097815 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Shares of AudioCodes (NASDAQ AUDC) opened at 7.62 on Friday. The firm has a market capitalization of $240.76 million, a PE ratio of 14.16 and a beta of 0.37. The firm’s 50 day moving average is $7.30 and its 200-day moving average is $6.74. AudioCodes has a 12 month low of $5.16 and a 12 month high of $8.43.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $39.20 million for the quarter, compared to analysts’ expectations of $39.20 million. AudioCodes had a return on equity of 8.20% and a net margin of 11.84%. AudioCodes’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. On average, analysts expect that AudioCodes will post $0.36 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Northland Securities set a $7.00 price target on shares of AudioCodes and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Needham & Company LLC raised their price objective on shares of AudioCodes from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Thursday. William Blair restated a “buy” rating on shares of AudioCodes in a research report on Wednesday. Finally, TheStreet upgraded shares of AudioCodes from a “c+” rating to a “b-” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $7.67.
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AudioCodes Company Profile
AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The Company categorizes its products and services into two main business lines: network and technology.
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