$0.06 EPS Expected for AudioCodes Ltd. (AUDC)

November 2, 2017 – By Adrian Erickson

Investors sentiment increased to 1.29 in 2017 Q2. Its up 0.40, from 0.89 in 2017Q1. It improved, 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.
Creative Planning reported 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC). Commonwealth Of Pennsylvania School Empls Retrmt holds 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC) for 14,524 shares. Renaissance Technology Ltd Liability has invested 0% in AudioCodes Ltd. (NASDAQ:AUDC). Millennium Mngmt Limited holds 0% or 25,398 shares in its portfolio. Art Advisors Ltd Limited Liability Company holds 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC) for 11,900 shares. 34,499 were accumulated by Royal Natl Bank Of Canada. Oppenheimer reported 15,900 shares or 0% of all its holdings. Barclays Plc accumulated 8,618 shares or 0% of the stock. 1,000 were reported by Comml Bank Of America De. Vanguard Grp Inc Inc invested 0% of its portfolio in AudioCodes Ltd. (NASDAQ:AUDC). Morgan Stanley invested in 1.61M shares. First Trust Advisors L P accumulated 49,565 shares or 0% of the stock. State Of New Jersey Common Pension Fund D stated it has 15,664 shares or 0% of all its holdings. Dixon Hubard Feinour Brown Va owns 28,500 shares for 0.05% of their portfolio. Goldman Sachs Inc reported 0% stake.

Analysts await AudioCodes Ltd. (NASDAQ:AUDC) to report earnings on November, 7. They expect $0.06 earnings per share, down 14.29 % or $0.01 from last year’s $0.07 per share. AUDC’s profit will be $1.84M for 28.58 P/E if the $0.06 EPS becomes a reality. After $0.06 actual earnings per share reported by AudioCodes Ltd. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. About 80,943 shares traded. AudioCodes Ltd. (NASDAQ:AUDC) has risen 67.99% since November 2, 2016 and is uptrending. It has outperformed by 51.29% the S&P500.

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 has $8.5 highest and $4.50 lowest target. $7.75’s average target is 12.97% above currents $6.86 stock price. Audiocodes had 8 analyst reports since November 4, 2015 according to SRatingsIntel. The company was maintained on Monday, July 3 by Northland Capital. The firm has “Buy” rating given on Thursday, October 26 by Needham. The stock has “Buy” rating by Needham on Wednesday, November 2. The company was maintained on Wednesday, November 4 by Needham. The rating was initiated by Drexel Hamilton on Friday, December 18 with “Hold”. The stock has “Market Perform” rating by Northland Capital on Wednesday, February 1. Needham maintained AudioCodes Ltd. (NASDAQ:AUDC) rating on Wednesday, February 1. Needham has “Buy” rating and $8 target. The stock of AudioCodes Ltd. (NASDAQ:AUDC) has “Buy” rating given on Wednesday, July 26 by William Blair.

AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The company has market cap of $210.22 million. The Firm categorizes its services and products into two main business lines: network and technology. It has a 12.72 P/E ratio. 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).

More news for AudioCodes Ltd. (NASDAQ:AUDC) were recently published by: Prnewswire.com, which released: “AudioCodes Enhances One Voice for Microsoft 365” on October 03, 2017. Finance.Yahoo.com‘s article titled: “What Should We Expect From AudioCodes Ltd’s (AUDC) Earnings In The Year Ahead?” and published on October 25, 2017 is yet another important article.