Positive Media Coverage Somewhat Unlikely to Affect AudioCodes (AUDC) Stock Price

Media coverage about AudioCodes (NASDAQ:AUDC) has trended positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AudioCodes earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.0784468012043 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

AudioCodes (NASDAQ AUDC) traded up $0.11 during trading hours on Tuesday, reaching $7.31. The company had a trading volume of 45,000 shares, compared to its average volume of 104,987. The firm has a market capitalization of $228.85, a price-to-earnings ratio of 25.71 and a beta of 0.30. The company has a quick ratio of 1.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.07. AudioCodes has a fifty-two week low of $5.83 and a fifty-two week high of $8.43.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $39.20 million for the quarter, compared to analyst estimates of $39.20 million. AudioCodes had a return on equity of 8.33% and a net margin of 11.84%. AudioCodes’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. sell-side analysts anticipate that AudioCodes will post 0.28 EPS for the current fiscal year.

Several research firms recently weighed in on AUDC. Zacks Investment Research lowered AudioCodes from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Needham & Company LLC raised their price objective on AudioCodes from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Thursday, October 26th. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research note on Wednesday, October 25th. Finally, TheStreet raised AudioCodes from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.67.

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AudioCodes Company Profile

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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