AudioCodes (NASDAQ:AUDC) Announces Earnings Results

AudioCodes (NASDAQ:AUDC) released its earnings results on Tuesday. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09, Zacks reports. AudioCodes had a return on equity of 8.85% and a net margin of 4.99%. AudioCodes updated its FY 2025 guidance to EPS.

AudioCodes Stock Performance

Shares of AUDC opened at $11.36 on Thursday. The firm has a market cap of $343.30 million, a PE ratio of 28.40 and a beta of 0.80. The firm’s 50 day moving average price is $9.86 and its 200 day moving average price is $9.80. AudioCodes has a twelve month low of $7.70 and a twelve month high of $14.45.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays boosted their price target on shares of AudioCodes from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Needham & Company LLC increased their price objective on AudioCodes from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday.

AudioCodes Company Profile

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.