AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace. The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and service provider business. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services. The company also offers One Voice Operations Center, a voice network management solution; Device Manager for administering business phones and meeting room solutions; AudioCodes Routing Manager for handling call routing in VoIP networks; and User Management Pack 365 simplifies user lifecycle and identity management across Microsoft Teams and Skype for Business deployments. In addition, it provides AudioCodes Live for Microsoft Teams, a portfolio of managed services for simplifying Teams adoption; appliances for Microsoft Skype/Teams for Business such as survivable branch appliances, CCE, and CloudBond 365; and a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. Further, the company offers managed services; and AudioCodes Live Cloud, a Microsoft Teams software as a service solution that enables service providers to offer their business customers a seamless migration to Microsoft Teams. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, and systems integrators and distributors in the telecommunications and networking industries. The company primarily operates in the Americas, Europe, the Far East, and Israel. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.
AudioCodes Price Performance
Shares of NASDAQ:AUDC opened at $22.82 on Thursday. The stock has a market capitalization of $721.93 million, a P/E ratio of 24.54, a PEG ratio of 2.70 and a beta of 0.65. AudioCodes has a one year low of $19.62 and a one year high of $37.35. The firm's 50 day simple moving average is $22.47 and its two-hundred day simple moving average is $24.29.
AudioCodes (NASDAQ:AUDC - Get Rating) last released its earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. AudioCodes had a net margin of 11.76% and a return on equity of 17.51%. During the same quarter last year, the company posted $0.29 EPS. As a group, equities analysts expect that AudioCodes will post 0.95 earnings per share for the current fiscal year.
AudioCodes Dividend Announcement
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be paid a $0.18 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 16th. AudioCodes's dividend payout ratio (DPR) is presently 38.71%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. StockNews.com raised AudioCodes from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 30th. Bank of America lowered AudioCodes from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $38.00 to $25.00 in a report on Monday, May 2nd. Jefferies Financial Group lowered their target price on shares of AudioCodes from $24.00 to $22.00 in a research note on Tuesday, August 2nd. Finally, Barclays cut their price target on shares of AudioCodes from $28.00 to $24.00 and set an "underweight" rating for the company in a research note on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AudioCodes presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.