AudioCodes Ltd. (NASDAQ:AUDC) has been presented a consensus suggestion of “Buy” by the 6 ratings companies that are masking the inventory, MarketBeat studies. One analysis analyst has rated the inventory with a hold suggestion and five have presented a acquire suggestion to the company. The regular twelve thirty day period price objective among the brokers that have issued ratings on the inventory in the past calendar year is $9.00.
AUDC has been the subject matter of various analysis analyst studies. ValuEngine downgraded AudioCodes from a “strong-buy” score to a “buy” score in a report on Thursday, November 1st. BidaskClub upgraded AudioCodes from a “hold” score to a “buy” score in a report on Thursday, Oct 18th. Ultimately, Northland Securities set a $seven.00 price objective on AudioCodes and gave the company a “hold” score in a report on Thursday, December 20th.
A amount of hedge resources and other institutional investors have a short while ago modified their holdings of the business enterprise. Morgan Stanley amplified its holdings in AudioCodes by 23.9% during the third quarter. Morgan Stanley now owns 2,312,188 shares of the communications equipment provider’s inventory truly worth $23,261,000 right after acquiring an added 445,547 shares during the interval. Acadian Asset Management LLC amplified its holdings in AudioCodes by 19.five% during the third quarter. Acadian Asset Management LLC now owns 1,197,083 shares of the communications equipment provider’s inventory truly worth $twelve,045,000 right after acquiring an added 195,458 shares during the interval. Vanguard Group Inc amplified its holdings in AudioCodes by 1.2% during the third quarter. Vanguard Group Inc now owns 458,899 shares of the communications equipment provider’s inventory truly worth $4,617,000 right after acquiring an added five,335 shares during the interval. Vanguard Group Inc. amplified its holdings in AudioCodes by 1.2% during the third quarter. Vanguard Group Inc. now owns 458,899 shares of the communications equipment provider’s inventory truly worth $4,617,000 right after acquiring an added five,335 shares during the interval. Ultimately, Renaissance Technologies LLC amplified its holdings in AudioCodes by 103.eight% during the third quarter. Renaissance Technologies LLC now owns 431,152 shares of the communications equipment provider’s inventory truly worth $4,337,000 right after acquiring an added 219,552 shares during the interval. Institutional investors own thirty.seventy eight% of the company’s inventory.
Shares of AUDC inventory traded up $.26 on Friday, hitting $14.forty eight. The inventory experienced a buying and selling quantity of 222,608 shares, when compared to its regular quantity of 345,982. The company has a current ratio of 2.twelve, a quick ratio of 1.sixty seven and a financial debt-to-fairness ratio of .04. The company has a industry capitalization of $417.31 million, a PE ratio of twenty five.39 and a beta of .87. AudioCodes has a 1 calendar year very low of $six.62 and a 1 calendar year significant of $14.96.
AudioCodes (NASDAQ:AUDC) past posted its quarterly earnings info on Monday, January twenty eighth. The communications equipment service provider described $.eighteen earnings for each share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $.17 by $.01. The company experienced earnings of $forty five.seventy eight million for the quarter. AudioCodes experienced a return on fairness of eighteen.ten% and a web margin of seven.sixty six%.
The business enterprise also a short while ago declared an yearly dividend, which will be paid on Tuesday, February 19th. Shareholders of document on Thursday, February 7th will be issued a dividend of $.eleven for each share. The ex-dividend day is Wednesday, February sixth. This represents a generate of .seventy four%.
AudioCodes Ltd. styles, develops, and sells voice above IP (VoIP), converged VoIP, and info networking products and solutions and programs for organization unified communications, get hold of centers, provider service provider business enterprise products and services, cell VoIP, and cloud virtualized info centers throughout the world. The firm’s products and solutions consist of IP phones, session border controllers (SBC), media gateways, multi-provider business enterprise routers, huddle space alternatives, managed IP Phones, and survivable branch appliances CloudBond 365, an adaptable resolution for the info centre CloudBond 365 CCE appliances User Management Pack 365, a software administration software VoIP administration and routing, a suite of lifecycle programs for substantial scale cloud or premises-dependent unified communications deployments MobilityPLUS, a cell VoIP resolution VocaNOM contact routing products and solutions SmartTAP contact recording products and solutions Vehicle Attendant, a resource for handling inbound phone calls and supply products and services Fax Server, a resource for handling inbound and outbound organization fax transmissions SIP Telephone Aid, a price-extra software for SBC and gateways sign processor chips communications boards and voice and info logging components integration board products and solutions.
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