AudioCodes (NASDAQ:AUDC - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $60.43 million for the quarter.
AudioCodes Stock Up 3.1%
AudioCodes stock traded up $0.32 during trading hours on Friday, reaching $10.55. 54,716 shares of the company's stock were exchanged, compared to its average volume of 98,042. The firm's 50 day simple moving average is $9.51 and its 200 day simple moving average is $9.87. AudioCodes has a twelve month low of $7.70 and a twelve month high of $12.72. The firm has a market capitalization of $312.98 million, a PE ratio of 18.85 and a beta of 0.89.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AUDC. Needham & Company LLC restated a "buy" rating and issued a $12.50 target price on shares of AudioCodes in a research note on Wednesday, May 7th. Wall Street Zen downgraded AudioCodes from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th.
Read Our Latest Analysis on AUDC
Institutional Trading of AudioCodes
Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its stake in AudioCodes by 56.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider's stock valued at $185,000 after purchasing an additional 7,052 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in AudioCodes during the 1st quarter valued at about $412,000. Finally, Jane Street Group LLC boosted its stake in AudioCodes by 14.2% during the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider's stock valued at $449,000 after purchasing an additional 5,938 shares during the last quarter. 68.05% of the stock is currently owned by institutional investors and hedge funds.
About AudioCodes
(
Get Free Report)
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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