AudioCodes (NASDAQ:AUDC – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.
AUDC has been the topic of several other reports. Needham & Company LLC raised their target price on AudioCodes from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Barclays lifted their price target on AudioCodes from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, February 7th.
Check Out Our Latest Stock Analysis on AUDC
AudioCodes Trading Down 2.5 %
AudioCodes (NASDAQ:AUDC – Get Free Report) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. AudioCodes had a return on equity of 7.35% and a net margin of 3.59%. The firm had revenue of $63.56 million for the quarter, compared to analysts’ expectations of $64.18 million. Research analysts expect that AudioCodes will post 0.68 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AudioCodes
Hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AudioCodes in the third quarter worth $116,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of AudioCodes in the third quarter worth $134,000. Quadrature Capital Ltd acquired a new stake in shares of AudioCodes in the fourth quarter worth $166,000. Cornerstone Investment Partners LLC acquired a new stake in shares of AudioCodes in the fourth quarter worth $173,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of AudioCodes in the third quarter worth $188,000. 68.05% of the stock is currently owned by institutional investors and hedge funds.
AudioCodes Company Profile
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.
See Also
- Five stocks we like better than AudioCodes
- How to Calculate Inflation Rate
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Are Penny Stocks a Good Fit for Your Portfolio?
- Hilton Demonstrates Asset Light is Right for Investors
- How to Calculate Return on Investment (ROI)
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for AudioCodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AudioCodes and related companies with MarketBeat.com's FREE daily email newsletter.