The stock of AudioCodes Ltd. (NASDAQ:AUDC) is a huge mover today! About 110,392 shares traded hands. AudioCodes Ltd. (NASDAQ:AUDC) has risen 13.76% since March 7, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.
The move comes after 7 months positive chart setup for the $184.68 million company. It was reported on Oct, 10 by Barchart.com. We have $16.31 PT which if reached, will make NASDAQ:AUDC worth $363.82 million more.
Analysts await AudioCodes Ltd. (NASDAQ:AUDC) to report earnings on November, 1. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. AUDC’s profit will be $1.35 million for 34.31 P/E if the $0.04 EPS becomes a reality. After $0.04 actual EPS reported by AudioCodes Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
AudioCodes Ltd. (NASDAQ:AUDC) Ratings Coverage
Out of 2 analysts covering Audiocodes (NASDAQ:AUDC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Audiocodes has been the topic of 2 analyst reports since November 4, 2015 according to StockzIntelligence Inc. On Friday, December 18 the stock rating was initiated by Drexel Hamilton with “Hold”. The rating was maintained by Needham on Wednesday, November 4 with “Buy”.
According to Zacks Investment Research, “AUDIOCODES LTD designs, develops and markets enabling technologies and communication components for the transmission of voice, fax and modem over packet networks. Newly developed Voice over IP gateways as well as DSL and ATM access devices, enable packet networks to carry voice and data more efficiently and at lower cost than traditional telephone networks. They are a provider of voice over packet communication components that empower the development of equipment for these emerging markets.”
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.38, from 1.18 in 2016Q1. The ratio increased, as 7 funds sold all AudioCodes Ltd. shares owned while 2 reduced positions. 6 funds bought stakes while 8 increased positions. They now own 1.78 million shares or 59.47% less from 4.40 million shares in 2016Q1.
Wells Fargo & Co Mn holds 200 shares or 0% of its portfolio. Soros Fund Mngmt Ltd, a New York-based fund reported 277,188 shares. Eagle Glob Advisors Lc owns 71,000 shares or 0.01% of their US portfolio. Deutsche Bancorp Ag holds 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC) for 44,685 shares. Morgan Stanley last reported 511,166 shares in the company. Taylor Frigon Cap Ltd Llc holds 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC) for 882 shares. Moreover, Menta Capital Limited Liability Corp has 0.07% invested in AudioCodes Ltd. (NASDAQ:AUDC) for 126,212 shares. Walleye Trading Limited Liability Corporation has 13,082 shares for 0% of their US portfolio. Geode Mgmt Ltd Liability has invested 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC). Plante Moran Financial Lc holds 0% or 1,400 shares in its portfolio. Renaissance Tech Ltd Company holds 0% or 20,125 shares in its portfolio. Barclays Public Ltd Company reported 15 shares or 0% of all its holdings. Acuta Cap Partners Lc holds 45,035 shares or 0.09% of its portfolio. Tower Limited Liability Corporation (Trc) accumulated 0% or 20 shares. Commercial Bank Of America De last reported 0% of its portfolio in the stock.
More recent AudioCodes Ltd. (NASDAQ:AUDC) news were published by: Quotes.Wsj.com which released: “AudioCodes Ltd. AUDC (US: Nasdaq)” on February 11, 2011. Also Streetinsider.com published the news titled: “Audiocodes Ltd (AUDC) Commences 3M Share Tender Offer” on June 16, 2016. Twst.com‘s news article titled: “AudioCodes Ltd.: AudioCodes Announces Third Quarter 2016 Reporting Date” with publication date: October 05, 2016 was also an interesting one.
AUDC Company Profile
AudioCodes Ltd. (AudioCodes), incorporated on November 22, 1992, 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 whether deployed on-premise or delivered from the cloud. The Firm categorizes its services and products into two main business lines: network and technology. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service well-known provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and Enterprise Session Border Controls (ESBCs). Complementing its media gateways and session border gateways as network products are its multi-service business routers (MSBR), Internet Protocol (IP) phones, media servers, mobile VoIP solutions and value added application products. Technology products consist of its chips and boards business products. The Company’s products are deployed globally in enterprise, service well-known provider cloud networks. AudioCodes’ products include IP phones, media gateways, residential gateways, media servers, mobile communications solutions, life cycle management solutions and professional services.
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