CFO Jon Cartu Says - AudioCodes (NASDAQ:AUDC) Upgraded by ValuEngine to “Hold” - Jonathan Cartu Computer Repair Consultant Services
1479
post-template-default,single,single-post,postid-1479,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive

CFO Jon Cartu Says – AudioCodes (NASDAQ:AUDC) Upgraded by ValuEngine to “Hold”

CFO Jon Cartu Says – AudioCodes (NASDAQ:AUDC) Upgraded by ValuEngine to “Hold”

AudioCodes (NASDAQ:AUDC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, November 5th, ValuEngine reports.

Several other brokerages also recently weighed in on AUDC. BidaskClub upgraded shares of AudioCodes from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Needham & Company LLC boosted their price target on shares of AudioCodes to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd.

Shares of NASDAQ AUDC opened at $22.76 on Tuesday. AudioCodes has a 1 year low of $9.00 and a 1 year high of $24.35. The firm has a market cap of $664.62 million, a P/E ratio of 31.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.79. The firm’s 50 day moving average price is $20.11 and its 200 day moving average price is $17.67.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $51.41 million during the quarter. AudioCodes had a net margin of 8.66% and a return on equity of 23.08%.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of AudioCodes by 23.1% during the 2nd quarter. BlackRock Inc. now owns 9,660 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 1,810 shares in the last quarter. Qtron Investments LLC raised its position in shares of AudioCodes by 9.9% during the 2nd quarter. Qtron Investments LLC now owns 22,586 shares of the communications equipment provider’s stock worth $350,000 after buying an additional 2,028 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of AudioCodes by 7.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 34,114 shares of the communications equipment provider’s stock worth $645,000 after buying an additional 2,378 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of AudioCodes by 406.7% during the 3rd quarter. NEXT Financial Group Inc now owns 3,040 shares of the communications equipment provider’s stock worth $57,000 after buying an additional 2,440 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of AudioCodes by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 482,435 shares of the communications equipment provider’s stock worth $7,468,000 after buying an additional 2,762 shares in the last quarter. Institutional investors own 30.18% of the company’s stock.

AudioCodes Company Profile

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.

Featured Article: How Buying a Call Option Works

To view ValuEngine’s full report, visit ValuEngine’s official website.



Receive News & Ratings for AudioCodes Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AudioCodes and related companies with MarketBeat.com’s FREE daily email newsletter.

Jonathan Cartu

No Comments

Post A Comment