AudioCodes (NASDAQ:AUDC) Announces Earnings Results

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

AudioCodes Price Performance

AUDC stock opened at $11.36 on Thursday. The firm has a market capitalization of $343.30 million, a P/E ratio of 28.40 and a beta of 0.80. AudioCodes has a 52-week low of $7.70 and a 52-week high of $14.45. The company’s 50 day simple moving average is $9.86 and its 200-day simple moving average is $9.80.

Wall Street Analyst Weigh In

AUDC has been the subject of a number of research reports. Needham & Company LLC raised their target price on shares of AudioCodes from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Barclays boosted their target price on AudioCodes from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday.

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.