AudioCodes Ltd. (NASDAQ:AUDC) has been presented a consensus advice of “Buy” by the 6 exploration companies that are covering the business, MarketBeat.com reviews. Two analysts have rated the inventory with a keep advice and four have assigned a acquire advice to the corporation. The typical 12 month price focus on among the brokers that have coated the inventory in the last calendar year is $nine.00.
Quite a few analysts have commented on AUDC shares. ValuEngine upgraded shares of AudioCodes from a “hold” ranking to a “buy” ranking in a exploration report on Friday, January eleventh. BidaskClub minimize AudioCodes from a “buy” ranking to a “hold” ranking in a exploration be aware on Tuesday, December 18th. Last but not least, Northland Securities set a $seven.00 focus on price on shares of AudioCodes and gave the corporation a “hold” ranking in a exploration be aware on Thursday, December 20th.
Shares of AUDC traded up $.01 on Friday, achieving $12.eighty. 289,375 shares of the company’s inventory were exchanged, when compared to its typical volume of 335,430. The corporation has a debt-to-equity ratio of .04, a latest ratio of two.12 and a speedy ratio of one.sixty seven. The corporation has a marketplace cap of $368.86 million, a price-to-earnings ratio of 24.21 and a beta of .87. AudioCodes has a 12 month reduced of $6.62 and a 12 month high of $fourteen.96.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Monday, January twenty eighth. The communications tools service provider described $.18 earnings for every share for the quarter, topping the Zacks’ consensus estimate of $.17 by $.01. The business enterprise experienced income of $forty five.seventy eight million in the course of the quarter. AudioCodes experienced a internet margin of seven.sixty six% and a return on equity of 18.ten%.
The corporation also just lately disclosed an once-a-year dividend, which will be compensated on Tuesday, February nineteenth. Traders of history on Thursday, February 7th will be presented a $.11 dividend. This represents a dividend yield of .seventy four%. The ex-dividend date of this dividend is Wednesday, February 6th.
Quite a few institutional investors and hedge funds have just lately added to or lowered their stakes in the inventory. Renaissance Systems LLC amplified its holdings in shares of AudioCodes by two.two% in the second quarter. Renaissance Systems LLC now owns 211,600 shares of the communications tools provider’s inventory value $one,646,000 after getting an more four,567 shares in the last quarter. Millennium Administration LLC amplified its posture in shares of AudioCodes by 20.four% in the course of the second quarter. Millennium Administration LLC now owns 76,055 shares of the communications tools provider’s inventory value $591,000 after getting an more 12,890 shares in the last quarter. Point out of New Jersey Common Pension Fund D amplified its holdings in AudioCodes by 22.four% in the course of the third quarter. Point out of New Jersey Common Pension Fund D now owns 31,736 shares of the communications tools provider’s inventory value $319,000 after acquiring an more five,801 shares in the last quarter. Ramsey Quantitative Methods amplified its holdings in AudioCodes by 56.five% in the course of the third quarter. Ramsey Quantitative Methods now owns sixty seven,004 shares of the communications tools provider’s inventory value $674,000 after acquiring an more 24,202 shares in the last quarter. Last but not least, Acadian Asset Administration LLC amplified its holdings in AudioCodes by 19.five% in the course of the third quarter. Acadian Asset Administration LLC now owns one,197,083 shares of the communications tools provider’s inventory value $12,045,000 after acquiring an more 195,458 shares in the last quarter. Institutional investors and hedge funds very own thirty.56% of the company’s inventory.
AudioCodes Firm Profile
AudioCodes Ltd. layouts, develops, and sells voice over IP (VoIP), converged VoIP, and knowledge networking goods and apps for business unified communications, speak to centers, service service provider business enterprise companies, cellular VoIP, and cloud virtualized knowledge centers throughout the world. The firm’s goods contain IP telephones, session border controllers (SBC), media gateways, multi-service business enterprise routers, huddle space remedies, managed IP Phones, and survivable department appliances CloudBond 365, an adaptable solution for the knowledge centre CloudBond 365 CCE appliances User Administration Pack 365, a program management application VoIP management and routing, a suite of lifecycle apps for huge scale cloud or premises-dependent unified communications deployments MobilityPLUS, a cellular VoIP solution VocaNOM simply call routing goods SmartTAP simply call recording goods Vehicle Attendant, a resource for controlling inbound phone calls and supply companies Fax Server, a resource for controlling inbound and outbound business fax transmissions SIP Cellular phone Assist, a price-added application for SBC and gateways sign processor chips communications boards and voice and knowledge logging components integration board goods.
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