AudioCodes (AUDC) Set to Announce Quarterly Earnings on Wednesday
AudioCodes (NASDAQ:AUDC) will issue its Q114 quarterly earnings data on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $35.76 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $36.30 million for the quarter, compared to the consensus estimate of $36.25 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect AudioCodes to post $0.20 EPS for the current fiscal year and $0.30 EPS for the next fiscal year.
AudioCodes (NASDAQ:AUDC) opened at 6.36 on Tuesday. AudioCodes has a one year low of $3.68 and a one year high of $9.12. The stock has a 50-day moving average of $7.31 and a 200-day moving average of $7.17. The company has a market cap of $274.7 million and a P/E ratio of 61.45.
AUDC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. On a related note, analysts at Needham & Company LLC initiated coverage on shares of AudioCodes in a research note on Monday, April 14th. They set a “buy” rating and a $9.00 price target on the stock. Finally, analysts at Zacks upgraded shares of AudioCodes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. They now have a $8.00 price target on the stock.
AudioCodes Ltd. designs, develops and sells products and services for voice and data over packet networks.
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