AudioCodes (AUDC) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AudioCodes in the last twelve months. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AUDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AUDC, but not buy additional shares or sell existing shares.
View AUDC analyst ratings or view top-rated stocks.

3 analysts have issued 1 year target prices for AudioCodes' shares. Their AUDC share price forecasts range from $9.00 to $23.00. On average, they predict the company's stock price to reach $12.88 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price.
View analysts price targets for AUDC or view top-rated stocks among Wall Street analysts.

AudioCodes' stock was trading at $17.89 at the beginning of 2023. Since then, AUDC shares have decreased by 48.9% and is now trading at $9.14.
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AudioCodes saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 125,500 shares, a decline of 8.5% from the April 30th total of 137,100 shares. Based on an average daily trading volume, of 211,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.
View AudioCodes' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our AUDC earnings forecast.

AudioCodes Ltd. (NASDAQ:AUDC) posted its quarterly earnings data on Monday, October, 25th. The communications equipment provider reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. The communications equipment provider had revenue of $63.41 million for the quarter, compared to the consensus estimate of $62.55 million. AudioCodes had a net margin of 7.34% and a trailing twelve-month return on equity of 11.83%. During the same quarter in the prior year, the firm posted $0.33 EPS.

AudioCodes announced a Semi-Annual dividend on Tuesday, February 7th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.18 per share on Tuesday, March 7th. This represents a yield of 2%. The ex-dividend date is Friday, February 17th.
Read our dividend analysis for AUDC.

ETFs with the largest weight of AudioCodes (NASDAQ:AUDC) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL), ERShares NextGen Entrepreneurs ETF (ERSX), BlueStar Israel Technology ETF (ITEQ), VanEck Israel ETF (ISRA), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

AudioCodes (NASDAQ:AUDC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 4.03%. AUDC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AUDC will have a dividend payout ratio of 64.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AUDC.

AudioCodes updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $0.50-$0.70 for the period, compared to the consensus earnings per share estimate of $1.00. The company issued revenue guidance of $240.00 million-$250.00 million, compared to the consensus revenue estimate of $244.45 million.

37 employees have rated AudioCodes Chief Executive Officer Shabtai Adlersberg on Glassdoor.com. Shabtai Adlersberg has an approval rating of 79% among the company's employees. 87.0% of employees surveyed would recommend working at AudioCodes to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AudioCodes investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), AT&T (T), Intel (INTC), General Electric (GE), Pfizer (PFE), Walt Disney (DIS), Verizon Communications (VZ) and Energy Transfer (ET).

AudioCodes trades on the NASDAQ under the ticker symbol "AUDC."

AudioCodes' stock is owned by a number of retail and institutional investors. Top institutional investors include Global Alpha Capital Management Ltd. (6.82%), William Blair Investment Management LLC (4.77%), Copeland Capital Management LLC (3.94%), Acadian Asset Management LLC (2.66%), JPMorgan Chase & Co. (0.96%) and Crawford Investment Counsel Inc. (0.81%).

Shares of AUDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AUDC stock can currently be purchased for approximately $9.14.

AudioCodes (NASDAQ:AUDC) has a market capitalization of $289.65 million and generates $275.09 million in revenue each year. The communications equipment provider earns $28.47 million in net income (profit) each year or $0.60 on an earnings per share basis.

The company employs 885 workers across the globe.

AudioCodes' mailing address is 1 HAYARDEN STREET, AIRPORT CITY LOD ISRAEL L3, 70100. The official website for the company is www.audiocodes.com. The communications equipment provider can be reached via phone at (723) 976-4105, via email at bbaxter@symbilitysolutions.com, or via fax at 972-3976-4040.