AudioCodes Ltd. (AUDC) Releases Earnings Results, Beats Expectations By $0.01 EPS

AudioCodes Ltd. (NASDAQ:AUDC) announced its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01, MarketWatch Earnings reports. The company had revenue of $39.20 million during the quarter, compared to the consensus estimate of $39.20 million. AudioCodes had a return on equity of 8.33% and a net margin of 11.84%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share.

Shares of AudioCodes (AUDC) traded down $0.06 during mid-day trading on Friday, reaching $6.88. The company had a trading volume of 74,300 shares, compared to its average volume of 107,632. The stock has a market capitalization of $220.58, a PE ratio of 24.79 and a beta of 0.25. AudioCodes has a 12 month low of $5.30 and a 12 month high of $8.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.69.

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A number of equities analysts recently commented on the company. Needham & Company LLC upped their target price on AudioCodes from $8.00 to $8.50 and gave the company a “buy” rating in a report on Thursday, October 26th. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research note on Wednesday, October 25th. Zacks Investment Research cut AudioCodes from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, TheStreet raised AudioCodes from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $7.67.

About AudioCodes

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.

Earnings History for AudioCodes (NASDAQ:AUDC)

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