AudioCodes Ltd. (NASDAQ:AUDC) – Equities research analysts at William Blair cut their Q2 2018 earnings per share estimates for shares of AudioCodes in a research report issued to clients and investors on Wednesday. William Blair analyst D. Netis now anticipates that the communications equipment provider will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.07. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for AudioCodes’ Q3 2018 earnings at $0.07 EPS and Q4 2018 earnings at $0.09 EPS.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $39.20 million for the quarter, compared to analysts’ expectations of $39.20 million. AudioCodes had a net margin of 11.84% and a return on equity of 8.20%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. WARNING: “Q2 2018 EPS Estimates for AudioCodes Ltd. Reduced by William Blair (AUDC)” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://theolympiareport.com/2017/10/29/q2-2018-eps-estimates-for-audiocodes-ltd-reduced-by-william-blair-audc.html.

A number of other research firms have also issued reports on AUDC. Needham & Company LLC boosted their target price on AudioCodes from $8.00 to $8.50 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered AudioCodes from a “buy” rating to a “hold” rating in a report on Monday, September 25th. TheStreet raised AudioCodes from a “c+” rating to a “b-” rating in a report on Thursday, September 7th. Finally, Northland Securities set a $7.00 target price on AudioCodes and gave the company a “hold” rating in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $7.67.

Shares of AudioCodes (AUDC) opened at 7.62 on Friday. AudioCodes has a 52 week low of $5.16 and a 52 week high of $8.43. The firm has a market cap of $240.76 million, a PE ratio of 14.16 and a beta of 0.37. The stock’s 50 day moving average is $7.35 and its 200-day moving average is $6.75.

Hedge funds have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC grew its holdings in AudioCodes by 138.5% during the second quarter. Campbell & CO Investment Adviser LLC now owns 26,960 shares of the communications equipment provider’s stock worth $161,000 after acquiring an additional 15,654 shares during the period. Russell Investments Group Ltd. acquired a new position in AudioCodes during the first quarter worth $202,000. Royal Bank of Canada grew its holdings in AudioCodes by 3.6% during the second quarter. Royal Bank of Canada now owns 34,499 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 1,200 shares during the period. First Trust Advisors LP grew its holdings in AudioCodes by 113.8% during the first quarter. First Trust Advisors LP now owns 40,963 shares of the communications equipment provider’s stock worth $287,000 after acquiring an additional 21,807 shares during the period. Finally, Menta Capital LLC grew its holdings in AudioCodes by 5.4% during the second quarter. Menta Capital LLC now owns 57,048 shares of the communications equipment provider’s stock worth $342,000 after acquiring an additional 2,900 shares during the period. 21.82% of the stock is currently owned by hedge funds and other institutional investors.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The Company categorizes its products and services into two main business lines: network and technology.

Earnings History and Estimates for AudioCodes (NASDAQ:AUDC)

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