AudioCodes (NASDAQ:AUDC – Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
AudioCodes (NASDAQ:AUDC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. AudioCodes had a return on equity of 7.35% and a net margin of 3.59%. The company had revenue of $63.56 million for the quarter, compared to analysts’ expectations of $64.18 million. On average, analysts expect AudioCodes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AudioCodes Stock Performance
AudioCodes stock opened at $11.05 on Monday. AudioCodes has a 52 week low of $7.14 and a 52 week high of $14.45. The stock has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $11.68. The stock has a market capitalization of $335.04 million, a P/E ratio of 39.46, a PEG ratio of 0.65 and a beta of 0.84.
AudioCodes Dividend Announcement
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Needham & Company LLC upped their price objective on AudioCodes from $16.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Barclays boosted their price target on AudioCodes from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Finally, StockNews.com upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th.
Get Our Latest Stock Report on AUDC
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.
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