AudioCodes (NASDAQ:AUDC) Announces Earnings Results, Beats Expectations By $0.09 EPS

AudioCodes (NASDAQ:AUDC) issued its quarterly earnings data on Tuesday. The communications equipment provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09, Zacks reports. AudioCodes had a return on equity of 8.85% and a net margin of 4.99%.

AudioCodes Trading Down 0.3 %

NASDAQ AUDC opened at $10.12 on Tuesday. The business’s 50-day moving average price is $9.82 and its two-hundred day moving average price is $9.80. AudioCodes has a 12 month low of $7.70 and a 12 month high of $14.45. The firm has a market capitalization of $305.83 million, a PE ratio of 25.30 and a beta of 0.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com lowered AudioCodes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of AudioCodes in a research report on Tuesday, January 21st. Finally, Barclays reduced their price target on AudioCodes from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th.

About AudioCodes

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.