NASDAQ:AUDC - AudioCodes Stock Price, Price Target & More

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

AudioCodes declared that its board has initiated a stock repurchase plan on Monday, April 10th 2017, which permits the company to repurchase $15,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

AudioCodes (NASDAQ:AUDC) announced its quarterly earnings results on Wednesday, January, 24th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The communications equipment provider earned $41.40 million during the quarter, compared to analysts' expectations of $40.30 million. AudioCodes had a net margin of 2.57% and a return on equity of 9.82%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. View AudioCodes' Earnings History.

AudioCodes is scheduled to release their next quarterly earnings announcement on Tuesday, April, 24th 2018. View Earnings Estimates for AudioCodes.

3 Wall Street analysts have issued 1 year price targets for AudioCodes' shares. Their predictions range from $7.00 to $9.00. On average, they expect AudioCodes' share price to reach $8.00 in the next twelve months. View Analyst Ratings for AudioCodes.

Some companies that are related to AudioCodes include ADTRAN (ADTN), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Akoustis Technologies (AKTS), ClearOne Communications (CLRO), Zoom Telephonics (ZMTP), Westell (WSTL), Communications Systems (JCS), One Horizon Group (OHGI), Sunworks (SUNW), Franklin Wireless (FKWL), AltiGen Communications (ATGN), MER Telemanagement Solutions (MTSL), Lattice (LTTC) and Electronic Tele-Communica (ETCIA).

Headlines about AUDC stock have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AudioCodes earned a news impact score of 0.11 on Accern's scale. They also gave headlines about the communications equipment provider an impact score of 47.96 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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, Scottrade, Fidelity and Charles Schwab.

One share of AUDC stock can currently be purchased for approximately $6.74.

AudioCodes has a market capitalization of $194.46 million and generates $156.74 million in revenue each year. The communications equipment provider earns $4.03 million in net income (profit) each year or $0.31 on an earnings per share basis. AudioCodes employs 698 workers across the globe.

AudioCodes' mailing address is 1 HAYARDEN STREET AIRPORT CITY, LOD L3, 7019900. The communications equipment provider can be reached via phone at 972-3976-4000 or via email at [email protected]