AudioCodes Company Profile (NASDAQ:AUDC)

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

AudioCodes announced that its board has authorized a stock buyback program on Monday, April 10th 2017, which permits the company to buyback $15,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

AudioCodes Ltd. (NASDAQ:AUDC) released its earnings results on Wednesday, July, 26th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $38.70 million for the quarter, compared to the consensus estimate of $38.23 million. AudioCodes had a return on equity of 7.78% and a net margin of 11.95%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. View AudioCodes' Earnings History.

AudioCodes is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for AudioCodes.

3 brokers have issued twelve-month target prices for AudioCodes' stock. Their forecasts range from $7.00 to $8.00. On average, they expect AudioCodes' stock price to reach $7.50 in the next year. View Analyst Ratings for AudioCodes.

Here are some recent quotes from research analysts about AudioCodes stock:

• 1. According to Zacks Investment Research, "AUDIOCODES LTD designs, develops and markets enabling technologies and communication components for the transmission of voice, fax and modem over packet networks. Newly developed Voice over IP gateways as well as DSL and ATM access devices, enable packet networks to carry voice and data more efficiently and at lower cost than traditional telephone networks. They are a provider of voice over packet communication components that empower the development of equipment for these emerging markets. " (9/15/2017)
• 2. Needham & Company LLC analysts commented, "AUDC reported solid 4Q16 results and provided initial 2017 guidance ~in line w/consensus, but we think with some room for upside. The company's UC SIP business, which has significant exposure to Skype for Business (SfB), showed strong growth and is forecast to see 20% y/y growth in '17 as it benefits from accelerating deployment of the SfB CloudPBX option. While the company's declining media gateway business remains a headwind, it showed encouraging stabilization in C2H16 and continues to drop as a percent of revenue. AUDC shares have had a strong move over the last year, but at 12-13x ex-cash C'18 NG EPS are still not expensive, in our opinion. We maintain our Buy rating while increasing our PT to $8 (was $6), or ~16-17x our new ex-cash C2018 NG EPS estimates." (1/31/2017)

Some companies that are related to AudioCodes include Sonus Networks (SONS), Gilat Satellite Networks (GILT), Digi International (DGII), Calix (CALX), Harmonic (HLIT), EMCORE Corporation (EMKR), Aerohive Networks (HIVE), Clearfield (CLFD), Ooma (OOMA), CityFibre Infrastructure Holdings PLC (CITY), TESSCO Technologies Incorporated (TESS), Airgain (AIRG), UTStarcom Holdings Corp (UTSI), BATM Advanced Communications Ltd (BVC), SRT Marine Systems PLC (SRT), Communications Systems (JCS), Lantronix (LTRX) and Trakm8 Holdings PLC (TRAK).

AudioCodes' management team includes the folowing people:

• Stanley B. Stern, Chairman of the Board of Directors
• Shabtai Adlersberg, President, Chief Executive Officer, Director
• Niran Baruch, Chief Financial Officer, Chief Accounting Officer, Vice President - Finance
• Jeffrey Kahn, Chief Strategy Officer
• Lior Aldema, Chief Operating Officer, Head - Global Sales
• Eyal Frishberg, Vice President - Operations
• Nimrod Borovsky, Vice President of Marketing
• Tal Dor, Vice President - Human Resources
• Yehuda Hershkovici, Vice President - Products
• Ofer Nimtsovich, Vice President - Global Services

AudioCodes' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Senvest Management LLC (7.99%), Acadian Asset Management LLC (2.17%), Vanguard Group Inc. (1.40%), Arrowstreet Capital Limited Partnership (0.79%), Mckinley Capital Management LLC Delaware (0.59%) and State of Tennessee Treasury Department (0.41%). View Institutional Ownership Trends for AudioCodes.

AudioCodes' stock was sold by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, Russell Investments Group Ltd., Arrowstreet Capital Limited Partnership and Goldman Sachs Group Inc.. View Insider Buying and Selling for AudioCodes.

AudioCodes' stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Campbell & CO Investment Adviser LLC, State of Tennessee Treasury Department, First Trust Advisors LP, ClariVest Asset Management LLC, Menta Capital LLC and Royal Bank of Canada. View Insider Buying and Selling for AudioCodes.

Shares of AudioCodes can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AudioCodes stock can currently be purchased for approximately $6.99.