AudioCodes (NASDAQ:AUDC) issued its quarterly earnings data on Monday. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07, MarketWatch Earnings reports. AudioCodes had a net margin of 4.95% and a return on equity of 20.16%.
Shares of NASDAQ AUDC traded down $1.73 during trading on Wednesday, hitting $31.21. 475,644 shares of the company were exchanged, compared to its average volume of 354,809. AudioCodes has a 12-month low of $9.00 and a 12-month high of $44.94. The company has a fifty day moving average price of $29.11 and a 200-day moving average price of $31.35. The firm has a market capitalization of $1.01 billion, a PE ratio of 104.04, a P/E/G ratio of 1.27 and a beta of 0.53.
Separately, Zacks Investment Research cut shares of AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $39.86.
AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, managed IP phones, residential gateways, media servers, mobile communications solutions, value added applications, life cycle management solutions, professional services, and survivable branch appliances; device manager; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; and VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.
Featured Article: Are we seeing the beginning of a new bubble?
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.