AudioCodes (NASDAQ:AUDC) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05, Morningstar.com reports. AudioCodes had a return on equity of 9.82% and a net margin of 2.57%.
AUDC stock traded up $0.14 during mid-day trading on Tuesday, reaching $6.88. 109,419 shares of the company’s stock were exchanged, compared to its average volume of 61,586. The company has a market capitalization of $194.46, a P/E ratio of 22.61 and a beta of 0.37. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.07. AudioCodes has a 12-month low of $5.83 and a 12-month high of $8.43.
A number of brokerages have issued reports on AUDC. Zacks Investment Research downgraded AudioCodes from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target (up previously from $8.50) on shares of AudioCodes in a research report on Thursday, January 25th. Finally, William Blair reiterated an “outperform” rating on shares of AudioCodes in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $8.08.
AudioCodes Company Profile
AudioCodes Ltd. designs, develops, and sells Voice over IP (VoIP), converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIPs, and cloud virtualized data centers worldwide. It deploys its products through broadband, mobile, cable, and enterprise networks.
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