News articles about AudioCodes (NASDAQ:AUDC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AudioCodes earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 45.6374840824385 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research analysts recently weighed in on AUDC shares. Zacks Investment Research lowered AudioCodes from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. TheStreet raised AudioCodes from a “c+” rating to a “b-” rating in a research report on Thursday, September 7th. William Blair reissued a “buy” rating on shares of AudioCodes in a research report on Wednesday, October 25th. Finally, Needham & Company LLC upped their target price on AudioCodes from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. AudioCodes currently has an average rating of “Buy” and a consensus price target of $7.67.
Shares of AudioCodes (NASDAQ:AUDC) traded down $0.02 during mid-day trading on Wednesday, reaching $7.48. The company’s stock had a trading volume of 10,505 shares, compared to its average volume of 113,400. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.69. AudioCodes has a 12 month low of $5.83 and a 12 month high of $8.43. The firm has a market cap of $233.93, a price-to-earnings ratio of 13.85 and a beta of 0.31.
AudioCodes (NASDAQ:AUDC) last issued its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. AudioCodes had a return on equity of 8.33% and a net margin of 11.84%. The company had revenue of $39.20 million for the quarter, compared to analyst estimates of $39.20 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. sell-side analysts forecast that AudioCodes will post 0.28 earnings per share for the current fiscal year.
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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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