AudioCodes Ltd. (NASDAQ:AUDC) is scheduled to be releasing its earnings data before the market opens on Wednesday, July 26th. Analysts expect AudioCodes to post earnings of $0.08 per share for the quarter.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. AudioCodes had a net margin of 11.98% and a return on equity of 7.48%. The firm had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.78 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect AudioCodes to post $0.33 EPS for the current fiscal year and $0.39 EPS for the next fiscal year.

AudioCodes Ltd. (NASDAQ AUDC) opened at 6.50 on Wednesday. AudioCodes Ltd. has a 12 month low of $4.05 and a 12 month high of $7.26. The stock has a market capitalization of $207.91 million, a P/E ratio of 12.67 and a beta of 0.54. The company’s 50-day moving average is $6.37 and its 200-day moving average is $6.57.

AudioCodes announced that its board has initiated a share repurchase program on Wednesday, March 22nd that allows the company to buyback $15.00 million in shares. This buyback authorization allows the communications equipment provider to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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A number of research firms recently issued reports on AUDC. Northland Securities set a $7.00 target price on AudioCodes and gave the stock a “hold” rating in a research note on Tuesday, July 4th. TheStreet cut AudioCodes from a “b-” rating to a “c+” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research cut AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.42.

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.

Earnings History for AudioCodes (NASDAQ:AUDC)

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