16 Jul AudioCodes (AUDC) to Release Earnings on Tuesday
AudioCodes (NASDAQ:AUDC) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 23rd.
AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $46.58 million for the quarter. AudioCodes had a return on equity of 19.48% and a net margin of 7.82%.
AUDC stock opened at $17.10 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.72 and a quick ratio of 1.37. The stock has a market cap of $496.85 million, a P/E ratio of 27.75 and a beta of 0.59. AudioCodes has a 12-month low of $7.79 and a 12-month high of $17.44. The company has a fifty day moving average price of $15.55.
Separately, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $9.00.
AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company’s products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.
Further Reading: Cost of Capital
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