AudioCodes (AUDC) Set to Announce Quarterly Earnings on Wednesday

AudioCodes (NASDAQ:AUDC) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. AudioCodes had a net margin of 5.61% and a return on equity of 10.42%. The firm had revenue of $60.30 million for the quarter, compared to analysts’ expectations of $59.93 million. On average, analysts expect AudioCodes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AudioCodes Stock Up 0.4 %

Shares of NASDAQ:AUDC opened at $9.60 on Wednesday. AudioCodes has a 12-month low of $7.28 and a 12-month high of $14.45. The business has a 50 day moving average of $9.77 and a 200-day moving average of $10.22. The stock has a market cap of $291.11 million, a PE ratio of 26.67 and a beta of 0.86.

Analyst Ratings Changes

A number of research analysts have commented on AUDC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of AudioCodes in a report on Wednesday, July 31st. StockNews.com upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 11th.

AudioCodes Company Profile

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.