AudioCodes (AUDC) Receiving Somewhat Favorable Media Coverage, Report Shows
News headlines about AudioCodes (NASDAQ:AUDC) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AudioCodes earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 46.76577140204 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Should AudioCodes (AUDC) Be On Your Radar Now? (finance.yahoo.com)
- Volume Moving the Tape For AudioCodes Ltd (AUDC) – Evergreen Caller (evergreencaller.com)
- Trading Watch: Viewing the MACD Signal for Audiocodes Ltd (AUDC) – Financial News Review (finnewsreview.com)
- AudioCodes Ltd. (AUDC) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- AudioCodes Ltd. (AUDC) – Watch List stock – Wall Street Morning (wallstreetmorning.com)
Several equities research analysts recently weighed in on the company. 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. TheStreet cut AudioCodes from a “b-” rating to a “c+” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research upgraded AudioCodes from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Monday, July 31st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $7.50.
Shares of AudioCodes (NASDAQ AUDC) opened at 6.70 on Friday. AudioCodes has a 52 week low of $5.07 and a 52 week high of $7.26. The firm has a 50-day moving average price of $6.63 and a 200-day moving average price of $6.63. The stock has a market cap of $211.69 million, a PE ratio of 12.45 and a beta of 0.57.
AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. AudioCodes had a return on equity of 7.78% and a net margin of 11.95%. The firm had revenue of $38.70 million for the quarter, compared to analyst estimates of $38.23 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that AudioCodes will post $0.35 earnings per share for the current fiscal year.
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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.
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