AudioCodes (NASDAQ:AUDC) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of AudioCodes (NASDAQ:AUDC) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of AudioCodes in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.50.

AudioCodes Price Performance

AUDC opened at $7.64 on Friday. The business has a fifty day simple moving average of $8.66 and a 200 day simple moving average of $9.23. AudioCodes has a 1 year low of $7.22 and a 1 year high of $12.72. The company has a market capitalization of $219.12 million, a PE ratio of 24.65 and a beta of 1.07.

AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings data on Tuesday, February 3rd. The communications equipment provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $62.61 million for the quarter, compared to analysts’ expectations of $62.00 million. AudioCodes had a return on equity of 6.46% and a net margin of 3.65%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. Equities analysts anticipate that AudioCodes will post 0.7 earnings per share for the current fiscal year.

AudioCodes Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a $0.20 dividend. The ex-dividend date is Friday, February 20th. This represents a dividend yield of 544.0%. AudioCodes’s payout ratio is presently 129.03%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in AudioCodes during the second quarter worth $43,000. Jump Financial LLC bought a new stake in shares of AudioCodes during the 2nd quarter worth $127,000. SIH Partners LLLP bought a new stake in shares of AudioCodes during the 3rd quarter worth $170,000. Cubist Systematic Strategies LLC boosted its stake in AudioCodes by 56.0% in the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 7,052 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in AudioCodes in the third quarter valued at about $206,000. 68.05% of the stock is owned by institutional investors.

AudioCodes Company Profile

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.