AudioCodes (NASDAQ:AUDC – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.850-1.000 for the period, compared to the consensus estimate of 1.070. The company issued revenue guidance of $240.0 million-$250.0 million, compared to the consensus revenue estimate of $259.0 million.
AudioCodes Stock Performance
Shares of NASDAQ:AUDC traded down $0.09 on Wednesday, hitting $9.83. The company’s stock had a trading volume of 91,278 shares, compared to its average volume of 78,868. AudioCodes has a 12 month low of $7.14 and a 12 month high of $14.45. The stock’s 50-day moving average is $12.23 and its two-hundred day moving average is $11.71. The company has a market capitalization of $298.08 million, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84.
AudioCodes (NASDAQ:AUDC – Get Free Report) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. AudioCodes had a net margin of 3.59% and a return on equity of 7.35%. The firm had revenue of $63.56 million during the quarter, compared to analyst estimates of $64.18 million. Equities analysts expect that AudioCodes will post 0.68 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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About AudioCodes
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.
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