AudioCodes (NASDAQ:AUDC) received a $7.00 target price from stock analysts at Northland Securities in a research report issued on Thursday, December 20th. The firm presently has a “hold” rating on the communications equipment provider’s stock. Northland Securities’ price objective indicates a potential downside of 41.91% from the company’s previous close.
Several other equities research analysts have also commented on AUDC. BidaskClub lowered shares of AudioCodes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 28th. ValuEngine lowered shares of AudioCodes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.00.
Shares of NASDAQ AUDC opened at $12.05 on Thursday. AudioCodes has a 1-year low of $6.62 and a 1-year high of $12.96. The stock has a market cap of $339.75 million, a PE ratio of 24.56 and a beta of 0.40. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05.
AudioCodes (NASDAQ:AUDC) last posted its earnings results on Tuesday, October 23rd. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. AudioCodes had a net margin of 5.61% and a return on equity of 15.90%. The company had revenue of $44.52 million for the quarter.
Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of AudioCodes by 20.4% during the 2nd quarter. Millennium Management LLC now owns 76,055 shares of the communications equipment provider’s stock valued at $591,000 after acquiring an additional 12,890 shares during the period. JPMorgan Chase & Co. bought a new position in AudioCodes in the 3rd quarter worth approximately $1,185,000. Macquarie Group Ltd. boosted its holdings in AudioCodes by 21.1% in the 2nd quarter. Macquarie Group Ltd. now owns 127,064 shares of the communications equipment provider’s stock worth $989,000 after buying an additional 22,139 shares during the period. Globeflex Capital L P bought a new position in AudioCodes in the 3rd quarter worth approximately $800,000. Finally, Ramsey Quantitative Systems boosted its holdings in AudioCodes by 56.5% in the 3rd quarter. Ramsey Quantitative Systems now owns 67,004 shares of the communications equipment provider’s stock worth $674,000 after buying an additional 24,202 shares during the period. 30.62% of the stock is owned by hedge funds and other institutional investors.
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 VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments; MobilityPLUS, a mobile VoIP solution; VocaNOM call routing products; SmartTAP call recording products; Auto Attendant, a tool for managing inbound calls and delivery services; Fax Server, a tool for managing inbound and outbound enterprise fax transmissions; SIP Phone Support, a value-added application for SBC and gateways; signal processor chips; communications boards; and voice and data logging hardware integration board products.
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