News coverage about AudioCodes (NASDAQ:AUDC) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AudioCodes earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.9075585250899 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Marlin Business Services Corp. (MRLN) Analysts See $0.31 EPS; Audiocodes LTD Has 1.21 Sentiment – Hill Country Times (hillcountrytimes.com)
- Thomaspartners Has Trimmed Kimberly Clark (KMB) Holding; Audiocodes Limited (AUDC) Shorts Decreased By 52.32% – Hill Country Times (hillcountrytimes.com)
- AudioCodes Ltd. is trading above its 50 day moving average : AUDC-US : December 20, 2017 (finance.yahoo.com)
- AudioCodes Selected by Sunrise Communications for Skype for Business Online Services (finance.yahoo.com)
Shares of AudioCodes (NASDAQ:AUDC) opened at $7.18 on Friday. The company has a market cap of $231.71, a PE ratio of 13.30 and a beta of 0.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.69 and a quick ratio of 1.32. AudioCodes has a 12-month low of $5.83 and a 12-month high of $8.43.
AudioCodes (NASDAQ:AUDC) last issued its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $39.20 million during the quarter, compared to analysts’ expectations of $39.20 million. AudioCodes had a net margin of 11.84% and a return on equity of 8.33%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. sell-side analysts anticipate that AudioCodes will post 0.28 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of AudioCodes from $8.00 to $8.50 and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. TheStreet raised shares of AudioCodes from a “c+” rating to a “b-” rating in a report on Thursday, September 7th. Finally, William Blair reaffirmed a “buy” rating on shares of AudioCodes in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. AudioCodes currently has a consensus rating of “Buy” and a consensus price target of $7.67.
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.
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