Equities research analysts at Oppenheimer (NYSE: OPY) upgraded shares of Audiocodes Limited (NASDAQ: AUDC) from a "perform" rating to an "outperform" rating in a research note to investors on Wednesday. The analysts currently have a $6.00 price target on the stock.
Shares of Audiocodes Limited opened at 4.79 on Thursday. Audiocodes Limited has a 52 week low of $2.31 and a 52 week high of $8.07. The stock's 50-day moving average is $5.00 and its 200-day moving average is $6.03. The company has a market cap of $198.0 million and a price-to-earnings ratio of 14.56.
Audiocodes Limited last announced its quarterly results on Tuesday, May 3rd. The company reported $0.10 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.10 EPS. During the same quarter in the prior year, the company posted $0.06 earnings per share. The companyâ€™s quarterly revenue was up 17.80% on a year-over-year basis. On average, analysts predict that Audiocodes Limited will post $0.11 EPS next quarter.
AudioCodes Ltd. (AudioCodes) designs, develops and sells products for voice and data over packet networks. The Companyââ‚¬â„¢s products primarily provide the media gateway element in the network, as well as voice-over Internet protocol (VoIP), end-points, such as Internet protocol (IP) phones and VoIP mobile clients. Multi-service business gateways integrate media gateway functionality with data routing and network access. The media gateways connect legacy and IP networks. AudioCodes categorize its products into two main business lines: network and technology. The Companyââ‚¬â„¢s products facilitate the transmission of voice, data and fax over packet networks. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers. Technology products are enabling in nature and consist of its chips and boards business products.
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