Were Analysts Bullish AudioCodes Ltd. (NASDAQ:AUDC) This Week?

December 20, 2017 - By Michael Collier

 Were Analysts Bullish AudioCodes Ltd. (NASDAQ:AUDC) This Week?
Investors sentiment increased to 1.29 in 2017 Q2. Its up 0.40, from 0.89 in 2017Q1. It is positive, as 5 investors sold AudioCodes Ltd. shares while 9 reduced holdings. 6 funds opened positions while 12 raised stakes. 6.93 million shares or 8.29% less from 7.55 million shares in 2017Q1 were reported.
Pdts Prns Limited Liability Corp holds 0% or 13,704 shares. Geode Capital Mngmt Limited Liability Company reported 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC). Stratos Wealth Ptnrs Limited stated it has 0% in AudioCodes Ltd. (NASDAQ:AUDC). Philadelphia Trust holds 71,000 shares or 0.04% of its portfolio. Qs Investors holds 1,098 shares or 0% of its portfolio. Barclays Public Limited Co reported 8,618 shares. Goldman Sachs Gru accumulated 60,219 shares. Envestnet Asset Mngmt reported 373 shares. Liberty Mutual Asset Inc stated it has 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC). State Of Tennessee Treasury Department holds 0% or 128,426 shares. Renaissance Techs has invested 0% in AudioCodes Ltd. (NASDAQ:AUDC). Blackrock has 6,891 shares for 0% of their portfolio. 248,798 were reported by Arrowstreet Capital L P. Vanguard Gp holds 0% in AudioCodes Ltd. (NASDAQ:AUDC) or 440,800 shares. Moreover, First Advisors Lp has 0% invested in AudioCodes Ltd. (NASDAQ:AUDC) for 49,565 shares.

AudioCodes Ltd. (NASDAQ:AUDC) Ratings Coverage

Among 4 analysts covering Audiocodes (NASDAQ:AUDC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Audiocodes had 8 analyst reports since November 4, 2015 according to SRatingsIntel. The stock of AudioCodes Ltd. (NASDAQ:AUDC) earned “Buy” rating by Needham on Thursday, October 26. Needham maintained AudioCodes Ltd. (NASDAQ:AUDC) rating on Wednesday, November 4. Needham has “Buy” rating and $4.50 target. Needham maintained AudioCodes Ltd. (NASDAQ:AUDC) on Wednesday, November 2 with “Buy” rating. The firm has “Market Perform” rating given on Wednesday, February 1 by Northland Capital. The rating was initiated by Drexel Hamilton on Friday, December 18 with “Hold”. The stock of AudioCodes Ltd. (NASDAQ:AUDC) earned “Hold” rating by Northland Capital on Monday, July 3. Needham maintained it with “Buy” rating and $8 target in Wednesday, February 1 report. The stock has “Buy” rating by William Blair on Wednesday, July 26. Below is a list of AudioCodes Ltd. (NASDAQ:AUDC) latest ratings and price target changes.

26/10/2017 Broker: Needham Rating: Buy New Target: $8.5 Maintain
26/07/2017 Broker: William Blair Rating: Buy Maintain
03/07/2017 Broker: Northland Capital Rating: Hold New Target: $7.0000 Maintain

The stock decreased 1.50% or $0.11 during the last trading session, reaching $7.2. About 34,143 shares traded. AudioCodes Ltd. (NASDAQ:AUDC) has risen 67.99% since December 20, 2016 and is uptrending. It has outperformed by 51.29% the S&P500.

AudioCodes Ltd. designs, develops, and sells Voice over IP , converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service well-known provider business services, mobile VoIPs, and cloud virtualized data centers worldwide. The company has market cap of $223.45 million. It deploys its products through broadband, mobile, cable, and enterprise networks. It has a 13.21 P/E ratio. The companyÂ’s products include chips, boards, subsystems, media and residential gateways, media servers, session border controllers, multi-service business routers, mobile communications solutions, life cycle management solutions, and messaging platforms, as well as IP phones, and survivable branch and value added applications.

More notable recent AudioCodes Ltd. (NASDAQ:AUDC) news were published by: Quotes.Wsj.com which released: “AudioCodes Ltd.” on February 11, 2011, also Prnewswire.com with their article: “BT Selects AudioCodes for Business Voice Services” published on October 16, 2017, Finance.Yahoo.com published: “What Should We Expect From AudioCodes Ltd’s (AUDC) Earnings In The Year Ahead?” on October 25, 2017. More interesting news about AudioCodes Ltd. (NASDAQ:AUDC) were released by: Streetinsider.com and their article: “Audiocodes Ltd (AUDC) Receives Clearance for Extension of Share Repurchase Program” published on November 27, 2017 as well as Nasdaq.com‘s news article titled: “AudioCodes (AUDC) Soars: Stock Adds 9% in Session” with publication date: October 17, 2017.

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