Somewhat Favorable Media Coverage Somewhat Unlikely to Affect AudioCodes (AUDC) Share Price
Media coverage about AudioCodes (NASDAQ:AUDC) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AudioCodes earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 48.3263039925417 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of AudioCodes (NASDAQ AUDC) traded down $0.06 during midday trading on Friday, reaching $6.64. 33,395 shares of the company were exchanged, compared to its average volume of 179,166. AudioCodes has a one year low of $5.61 and a one year high of $8.43. The stock has a market cap of $211.05, a PE ratio of 23.71 and a beta of 0.25. 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 (NASDAQ:AUDC) last issued its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. AudioCodes had a net margin of 11.84% and a return on equity of 8.33%. The company had revenue of $39.20 million during the quarter, compared to analysts’ expectations of $39.20 million. During the same period last year, the company posted $0.08 EPS. AudioCodes’s revenue was up 5.4% on a year-over-year basis. research analysts anticipate that AudioCodes will post 0.28 earnings per share for the current year.
Several research firms have recently commented on AUDC. Needham & Company LLC raised their target price on shares of AudioCodes from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, October 26th. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of AudioCodes from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, TheStreet raised shares of AudioCodes from a “c+” rating to a “b-” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. AudioCodes presently has an average rating of “Buy” and an average price target of $7.67.
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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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