AudioCodes (AUDC) to Release Quarterly Earnings on Wednesday

AudioCodes (NASDAQ:AUDC - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

AudioCodes (NASDAQ:AUDC - Get Free Report) last announced its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $60.30 million for the quarter, compared to the consensus estimate of $59.93 million. AudioCodes had a net margin of 5.61% and a return on equity of 10.42%. On average, analysts expect AudioCodes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AudioCodes Stock Performance

AUDC traded down $0.16 on Wednesday, reaching $9.44. The company had a trading volume of 78,052 shares, compared to its average volume of 75,850. The business has a 50 day simple moving average of $9.75 and a 200 day simple moving average of $10.21. The company has a market cap of $286.26 million, a price-to-earnings ratio of 26.22 and a beta of 0.86. AudioCodes has a 52-week low of $7.52 and a 52-week high of $14.45.

Wall Street Analyst Weigh In

A number of research analysts have commented on AUDC shares. Needham & Company LLC reiterated a "buy" rating and set a $14.00 price target on shares of AudioCodes in a research report on Wednesday, July 31st. StockNews.com upgraded shares of AudioCodes from a "buy" rating to a "strong-buy" rating in a report on Wednesday, September 11th.

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.