AudioCodes Ltd. (NASDAQ:AUDC – Get Free Report) EVP Lior Aldema sold 2,812 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.86, for a total value of $27,726.32. Following the completion of the transaction, the executive vice president directly owned 109,689 shares of the company’s stock, valued at $1,081,533.54. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
AudioCodes Stock Performance
NASDAQ:AUDC opened at $9.94 on Monday. AudioCodes Ltd. has a 52-week low of $6.95 and a 52-week high of $10.86. The firm has a market cap of $240.05 million, a price-to-earnings ratio of 38.23 and a beta of 0.96. The business’s fifty day moving average is $9.65 and its 200 day moving average is $8.81.
AudioCodes (NASDAQ:AUDC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $62.96 million during the quarter, compared to the consensus estimate of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.
AudioCodes Announces Dividend
Analyst Upgrades and Downgrades
AUDC has been the topic of a number of analyst reports. Weiss Ratings raised shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Analysis on AUDC
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in AudioCodes in the second quarter valued at $43,000. Jane Street Group LLC lifted its stake in AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after purchasing an additional 5,938 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of AudioCodes by 29.4% in the 4th quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock worth $235,000 after purchasing an additional 6,098 shares in the last quarter. Jump Financial LLC increased its position in shares of AudioCodes by 24.0% during the 4th quarter. Jump Financial LLC now owns 34,955 shares of the communications equipment provider’s stock valued at $305,000 after purchasing an additional 6,755 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of AudioCodes by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock valued at $718,000 after purchasing an additional 7,019 shares during the last quarter. Hedge funds and other institutional investors own 68.05% of the company’s stock.
AudioCodes Company Profile
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.
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