NASDAQ:AUDCAudioCodes Stock Price, Forecast & News

AudioCodes' stock was trading at $19.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AUDC shares have increased by 87.5% and is now trading at $36.10.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AudioCodes in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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AudioCodes is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for AudioCodes.

AudioCodes Ltd. (NASDAQ:AUDC) announced its earnings results on Tuesday, July, 28th. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. The communications equipment provider had revenue of $53.52 million for the quarter, compared to analysts' expectations of $53.13 million. AudioCodes had a net margin of 3.83% and a return on equity of 21.33%.
View AudioCodes' earnings history.

AudioCodes announced a semi-annual dividend on Thursday, August 6th. Investors of record on Monday, August 17th will be paid a dividend of $0.14 per share on Tuesday, September 1st. This represents a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. This is a boost from AudioCodes's previous semi-annual dividend of $0.13.
View AudioCodes' dividend history.

AudioCodes issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, July, 28th. The company provided earnings per share guidance of 1.18-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.10. The company issued revenue guidance of $214-222 million, compared to the consensus revenue estimate of $217.87 million.

5 brokers have issued 12-month target prices for AudioCodes' shares. Their forecasts range from $38.00 to $46.00. On average, they expect AudioCodes' stock price to reach $43.20 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
View analysts' price targets for AudioCodes.

Media stories about AUDC stock have been trending very positive on Saturday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. AudioCodes earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about AudioCodes.

AudioCodes saw a increase in short interest in July. As of July 31st, there was short interest totaling 360,500 shares, an increase of 13.9% from the July 15th total of 316,400 shares. Based on an average daily volume of 731,800 shares, the short-interest ratio is presently 0.5 days. Currently, 1.5% of the company's shares are short sold.
View AudioCodes' Current Options Chain.

Some companies that are related to AudioCodes include Fabrinet (FN), Infinera (INFN), Avaya (AVYA), NetGear (NTGR), Telkom SA Ltd ADS (TLKGY), Plantronics (PLT), ADTRAN (ADTN), Akoustis Technologies (AKTS), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Franklin Wireless (FKWL), Zoom Telephonics (ZMTP), Communications Systems (JCS), AltiGen Communications (ATGN) and Clearone (CLRO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other AudioCodes investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Verizon Communications (VZ), Intel (INTC), AT&T (T), Adobe (ADBE), Energy Transfer LP Unit (ET), Bank of America (BAC) and Veeva Systems (VEEV).

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 Harel Insurance Investments & Financial Services Ltd. (1.28%), Calamos Advisors LLC (0.57%), Russell Investments Group Ltd. (0.53%), Taylor Frigon Capital Management LLC (0.43%), Raymond James & Associates (0.18%) and Swiss National Bank (0.17%).

AUDC stock was sold by a variety of institutional investors in the last quarter, including Trexquant Investment LP.

AUDC stock was acquired by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Russell Investments Group Ltd., Calamos Advisors LLC, Swiss National Bank, Raymond James & Associates, US Bancorp DE, UBS Group AG, and First Trust Advisors LP.

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

One share of AUDC stock can currently be purchased for approximately $36.10.

AudioCodes has a market capitalization of $1.07 billion and generates $200.29 million in revenue each year. The communications equipment provider earns $3.98 million in net income (profit) each year or $0.72 on an earnings per share basis. AudioCodes employs 706 workers across the globe.

The official website for AudioCodes is www.audiocodes.com.

AudioCodes' mailing address is 1 HAYARDEN STREET, AIRPORT CITY LOD ISRAEL L3, 70100. The communications equipment provider can be reached via phone at 972-3976-4000 or via email at [email protected]