Media stories about AudioCodes (NASDAQ:AUDC) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AudioCodes earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.4825219995467 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
AUDC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of AudioCodes from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Tuesday, January 30th. William Blair reaffirmed an “outperform” rating on shares of AudioCodes in a research note on Wednesday, January 24th. 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 note on Thursday, October 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $8.17.
Shares of AudioCodes (NASDAQ AUDC) traded up $0.13 during mid-day trading on Wednesday, reaching $7.71. The company had a trading volume of 74,093 shares, compared to its average volume of 84,464. AudioCodes has a 12 month low of $5.83 and a 12 month high of $8.43. The stock has a market capitalization of $217.28, a price-to-earnings ratio of 24.48 and a beta of 0.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.71 and a quick ratio of 1.34.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Wednesday, January 24th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $41.40 million during the quarter, compared to the consensus estimate of $40.30 million. AudioCodes had a return on equity of 9.82% and a net margin of 2.57%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. research analysts predict that AudioCodes will post 0.3 EPS for the current year.
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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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