AudioCodes (AUDC) Receives Coverage Optimism Rating of 0.13
News articles about AudioCodes (NASDAQ:AUDC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AudioCodes earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 45.6454665003784 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded AudioCodes from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Needham & Company LLC increased their price target on AudioCodes from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $7.67.
Shares of AudioCodes (AUDC) traded up $0.04 on Monday, reaching $7.49. The company’s stock had a trading volume of 45,800 shares, compared to its average volume of 67,500. The firm has a market cap of $238.06, a P/E ratio of 13.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.69 and a quick ratio of 1.32. AudioCodes has a 12 month low of $5.83 and a 12 month high of $8.43.
AudioCodes (NASDAQ:AUDC) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. AudioCodes had a net margin of 11.84% and a return on equity of 8.33%. The business 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 company posted $0.08 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. analysts predict 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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