AudioCodes (NASDAQ:AUDC) Announces Earnings Results

AudioCodes (NASDAQ:AUDC) released its earnings results on Tuesday. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), Zacks reports. AudioCodes had a net margin of 2.79% and a return on equity of 6.33%.

Here are the key takeaways from AudioCodes’ conference call:

• Revenue guidance was raised to $251 million–$256 million for 2026, while non-GAAP diluted EPS guidance was reiterated at $0.60–$0.75.
• Annual recurring revenue from Live managed services and VoiceAI reached $84 million at the end of Q2, up 20% year over year and double its level three years ago; backlog also rose 23% to nearly $90 million.
• VoiceAI revenue grew more than 50% year over year in the quarter and nearly doubled in the first half, keeping AudioCodes on track for 40%–50% full-year growth as enterprise virtual-agent and agent-assist deployments expand.
• Microsoft Teams activity remained healthy, with Q2 revenue up 5%, new opportunities up 14%, and signed opportunity value up 73% to more than $20 million; the company also highlighted new Microsoft certifications for its Voca CIC contact-center and AI voice-agent offerings.
• AudioCodes returned capital to shareholders through approximately $8.9 million of share repurchases during the quarter and declared a $0.20-per-share dividend totaling about $4.8 million.

AudioCodes Stock Up 8.2%

AudioCodes stock traded up $0.81 during trading hours on Tuesday, hitting $10.61. The stock had a trading volume of 71,915 shares, compared to its average volume of 123,166. The business’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $8.77. AudioCodes has a one year low of $6.95 and a one year high of $10.52. The stock has a market cap of $269.95 million, a price-to-earnings ratio of 42.51 and a beta of 0.96.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AudioCodes currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AUDC. Cubist Systematic Strategies LLC grew its holdings in AudioCodes by 56.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 7,052 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of AudioCodes during the first quarter valued at $412,000. Jane Street Group LLC lifted its holdings in shares of AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after purchasing an additional 5,938 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of AudioCodes by 38.3% during the second quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider’s stock worth $386,000 after purchasing an additional 10,877 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of AudioCodes by 12.3% in the second quarter. Marshall Wace LLP now owns 179,371 shares of the communications equipment provider’s stock worth $1,761,000 after purchasing an additional 19,629 shares during the last quarter. Institutional investors own 68.05% of the company’s stock.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.