AudioCodes (AUDC) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AudioCodes in the last year. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" AUDC shares.
View AUDC analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 1-year price objectives for AudioCodes' stock. Their AUDC share price forecasts range from $9.00 to $16.00. On average, they anticipate the company's stock price to reach $11.13 in the next twelve months. This suggests a possible upside of 7.2% 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 the year. Since then, AUDC stock has decreased by 42.0% and is now trading at $10.38.
View the best growth stocks for 2023 here.

AudioCodes saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 178,200 shares, a decline of 12.5% from the August 15th total of 203,700 shares. Based on an average trading volume of 183,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% 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 Wednesday, November 1st 2023.
View our AUDC earnings forecast.

AudioCodes Ltd. (NASDAQ:AUDC) announced its quarterly earnings results on Tuesday, August, 1st. The communications equipment provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The communications equipment provider had revenue of $60.02 million for the quarter, compared to analyst estimates of $60.18 million. AudioCodes had a net margin of 5.31% and a trailing twelve-month return on equity of 8.85%.

AudioCodes announced a Semi-Annual dividend on Tuesday, August 1st. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.18 per share on Thursday, August 31st. This represents a yield of 3.2%. The ex-dividend date is Wednesday, August 16th.
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).

AudioCodes (NASDAQ:AUDC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.42%. 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 85.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AUDC will have a dividend payout ratio of 59.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AUDC.

AudioCodes issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.55-$0.70 for the period, compared to the consensus earnings per share estimate of $0.61. The company issued revenue guidance of $240.00 million-$250.00 million, compared to the consensus revenue estimate of $244.05 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 shareholders include William Blair Investment Management LLC (4.86%), Copeland Capital Management LLC (3.95%), Acadian Asset Management LLC (3.18%), Senvest Management LLC (3.10%), Walleye Capital LLC (1.79%) and Goldman Sachs Group Inc. (1.00%).

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 $10.38.

AudioCodes (NASDAQ:AUDC) has a market capitalization of $328.93 million and generates $259.61 million in revenue each year. The communications equipment provider earns $28.47 million in net income (profit) each year or $0.42 on an earnings per share basis.

The company employs 966 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.