News coverage about AudioCodes (NASDAQ:AUDC) has trended somewhat negative recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AudioCodes earned a news impact score of -0.09 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.9489263835376 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of NASDAQ:AUDC traded up $0.25 during midday trading on Wednesday, reaching $7.13. The company had a trading volume of 14,513 shares, compared to its average volume of 62,039. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.34 and a current ratio of 1.71. The company has a market cap of $193.63, a P/E ratio of 23.13 and a beta of 0.37. AudioCodes has a 1-year low of $5.83 and a 1-year high of $8.43.
AudioCodes (NASDAQ:AUDC) last released its earnings results on Wednesday, January 24th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $41.40 million for the quarter, compared to the consensus estimate of $40.30 million. AudioCodes had a return on equity of 9.82% and a net margin of 2.57%. AudioCodes’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. equities analysts predict that AudioCodes will post 0.3 earnings per share for the current fiscal year.
A number of research firms recently 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 reaffirmed a “buy” rating and issued a $9.00 target price (up previously from $8.50) on shares of AudioCodes in a research report on Thursday, January 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of AudioCodes in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average 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.
Receive News & Ratings for AudioCodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AudioCodes and related companies with MarketBeat.com's FREE daily email newsletter.