AudioCodes Ltd. (AUDC) to Release Quarterly Earnings on Wednesday

AudioCodes Ltd. (NASDAQ:AUDC) is set to issue its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.09 per share for the quarter.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. AudioCodes had a return on equity of 7.78% and a net margin of 11.95%. The company had revenue of $38.70 million during the quarter, compared to analyst estimates of $38.23 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect AudioCodes to post $0.27 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.

AudioCodes Ltd. (AUDC) opened at 8.05 on Wednesday. The stock’s 50 day moving average price is $7.02 and its 200-day moving average price is $6.67. The firm has a market capitalization of $254.35 million, a price-to-earnings ratio of 14.96 and a beta of 0.37. AudioCodes Ltd. has a one year low of $5.07 and a one year high of $8.37.

Several brokerages have recently commented on AUDC. Northland Securities set a $7.00 target price on AudioCodes and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research downgraded AudioCodes from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, TheStreet upgraded AudioCodes from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $7.50.

WARNING: “AudioCodes Ltd. (AUDC) to Release Quarterly Earnings on Wednesday” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://ledgergazette.com/2017/10/18/audiocodes-ltd-audc-to-release-quarterly-earnings-on-wednesday.html.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops and sells Voice over-Internet

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. AudioCodes had a return on equity of 7.78% and a net margin of 11.95%. The company had revenue of $38.70 million during the quarter, compared to analyst estimates of $38.23 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect AudioCodes to post $0.27 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.

AudioCodes Ltd. (AUDC) opened at 8.05 on Wednesday. The stock’s 50 day moving average price is $7.02 and its 200-day moving average price is $6.67. The firm has a market capitalization of $254.35 million, a price-to-earnings ratio of 14.96 and a beta of 0.37. AudioCodes Ltd. has a one year low of $5.07 and a one year high of $8.37.

Several brokerages have recently commented on AUDC. Northland Securities set a $7.00 target price on AudioCodes and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research downgraded AudioCodes from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, TheStreet upgraded AudioCodes from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $7.50.

WARNING: “AudioCodes Ltd. (AUDC) to Release Quarterly Earnings on Wednesday” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://ledgergazette.com/2017/10/18/audiocodes-ltd-audc-to-release-quarterly-earnings-on-wednesday.html.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The Company categorizes its products and services into two main business lines: network and technology.

Earnings History for AudioCodes (NASDAQ:AUDC)

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