AudioCodes (NASDAQ:AUDC) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of AudioCodes (NASDAQ:AUDC) from a strong-buy rating to a buy rating in a research note released on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AudioCodes in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, AudioCodes currently has a consensus rating of “Hold” and a consensus target price of $12.50.

AudioCodes Trading Up 2.1%

AudioCodes stock opened at $7.80 on Friday. The stock has a 50 day moving average of $8.65 and a two-hundred day moving average of $9.21. AudioCodes has a twelve month low of $7.22 and a twelve month high of $12.72. The stock has a market capitalization of $223.70 million, a price-to-earnings ratio of 25.16 and a beta of 1.07.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. AudioCodes had a return on equity of 6.46% and a net margin of 3.65%.The business had revenue of $62.61 million during the quarter, compared to analysts’ expectations of $62.00 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. Equities analysts predict that AudioCodes will post 0.7 earnings per share for the current year.

AudioCodes Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a dividend of $0.20 per share. This represents a dividend yield of 544.0%. The ex-dividend date is Friday, February 20th. AudioCodes’s payout ratio is presently 129.03%.

Institutional Trading of AudioCodes

Several hedge funds and other institutional investors have recently made changes to their positions in AUDC. Raymond James Financial Inc. purchased a new stake in AudioCodes during the second quarter worth about $43,000. Jump Financial LLC acquired a new stake in shares of AudioCodes during the 2nd quarter valued at approximately $127,000. SIH Partners LLLP purchased a new stake in shares of AudioCodes during the 3rd quarter worth approximately $170,000. Cubist Systematic Strategies LLC grew its holdings in shares of AudioCodes by 56.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 7,052 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of AudioCodes in the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.