AudioCodes (NASDAQ:AUDC) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

AudioCodes (NASDAQ:AUDC) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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

NASDAQ AUDC opened at $10.66 on Wednesday. The firm’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.80. AudioCodes has a one year low of $7.70 and a one year high of $14.45. The firm has a market cap of $322.15 million, a PE ratio of 26.65 and a beta of 0.80.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AUDC shares. StockNews.com raised AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays reduced their price objective on shares of AudioCodes from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of AudioCodes in a research note on Tuesday, January 21st.

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.