AudioCodes (NASDAQ:AUDC) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• AudioCodes shares crossed above their 200-day moving average, reaching $10.32 and last trading at $10.22 versus the average of $8.98.
• The company exceeded quarterly expectations, reporting $0.15 earnings per share and $62.96 million in revenue, while maintaining a consensus analyst rating of “Hold.”
• Institutional investors own 68.05% of AudioCodes, while insiders have recently sold shares; the company also declared a $0.20-per-share dividend.

AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.98 and traded as high as $10.32. AudioCodes shares last traded at $10.22, with a volume of 121,592 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 AudioCodes from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

AudioCodes Stock Performance

The firm has a market capitalization of $246.84 million, a price-to-earnings ratio of 39.31 and a beta of 0.96. The business has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $8.98.

AudioCodes (NASDAQ:AUDC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. AudioCodes had a net margin of 2.83% and a return on equity of 6.79%. The firm had revenue of $62.96 million for the quarter, compared to analysts' expectations of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 19th. This represents a dividend yield of 413.0%. AudioCodes's dividend payout ratio is currently 153.85%.

Insiders Place Their Bets

In other AudioCodes news, EVP Lior Aldema sold 2,812 shares of AudioCodes stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the sale, the executive vice president directly owned 104,065 shares in the company, valued at $1,038,568.70. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,374 shares of company stock worth $93,178 over the last ninety days. Company insiders own 48.80% of the company's stock.

Institutional Investors Weigh In On AudioCodes

A number of institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its stake in AudioCodes by 56.0% in the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider's stock valued at $185,000 after acquiring an additional 7,052 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of AudioCodes in the first quarter valued at approximately $412,000. Jane Street Group LLC boosted its holdings in shares of AudioCodes by 14.2% in the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider's stock valued at $449,000 after acquiring an additional 5,938 shares during the period. JPMorgan Chase & Co. grew its position in shares of AudioCodes by 38.3% during the second quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider's stock worth $386,000 after acquiring an additional 10,877 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of AudioCodes by 12.3% in the 2nd quarter. Marshall Wace LLP now owns 179,371 shares of the communications equipment provider's stock valued at $1,761,000 after acquiring an additional 19,629 shares during the period. 68.05% of the stock is owned by institutional investors and hedge funds.

About AudioCodes

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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