AudioCodes Ltd., together with its subsidiaries, provides advanced communications software, products, and productivity solutions for the digital workplace. It offers solutions, products, and applications for enterprise unified communications environments, work-from-home agents and contact centers, voice and telephony AI-based applications, and service provider business services. The company's products include IP phones and meeting room solutions, session border controllers (SBC), media gateways, multi-service business routers and universal customer premises equipment, VoIP network routing solutions, media servers, value added applications, life cycle management solutions, and professional services, as well as survivable branch appliances and CCE; device manager; CloudBond 365, an adaptable solution; and User Management Pack 365, a user lifecycle and identity management application. It also provides management solutions, such as voice network management solution, the One Voice Operations Center, call routing and policy management tool, and AudioCodes Routing Manager. In addition, the company offers AudioCodes Live for Microsoft Teams, a portfolio of managed services that removes complexity from the integration of Teams collaboration, unified communications, and enterprise telephony; and VoiceAI Connect Cloud Edition, a cloud-based service enabling the bot development ecosystem to develop an array of voice-bot use cases via trials and proof of concept projects, as well as provides a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, Meeting Insights, and management application services. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, system integrators and distributors, and network equipment providers in the telecommunication and networking industries. The company primarily operates in the Americas, Europe, the Far East, and Israel. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.
IPO Year: 1999
Exchange: NASDAQ
Website: audiocodes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/12/2023 | $22.00 → $9.50 | Neutral → Underperform | BofA Securities |
| 5/2/2022 | $38.00 → $25.00 | Buy → Neutral | BofA Securities |
| 2/2/2022 | $40.00 → $37.00 | Buy | Needham |
| 1/31/2022 | $37.00 | Neutral → Buy | Sidoti |
| 1/24/2022 | $32.00 → $28.00 | Underweight | Barclays |
| 10/22/2021 | $37.00 | Buy → Neutral | Sidoti |
| 10/21/2021 | $38.00 | Buy → Hold | Jefferies |
| 10/21/2021 | $32.00 | Underweight | Barclays |
| 6/30/2021 | $34.00 → $32.00 | Equal-Weight → Underweight | Barclays |
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AI-powered meeting summaries and smart video enhance collaboration and overall organizational productivity OR YEHUDA, Israel, Jan. 13, 2025 /PRNewswire/ -- Highlights AudioCodes Intelligent Meeting Room leverages cutting-edge AI technology to enhance in-person and remote participants' experience while increasing productivity through automated meeting summaries.Generative AI integrated with AudioCodes' meeting room devices automatically creates and shares meeting summaries, freeing up in-room participants to focus on ongoing discussions rather than manual note-taking.AI meeting summarization utilizes AudioCodes' Meeting Insights technology transforming online meeting content into a valuable
OR YEHUDA, Israel, Jan. 6, 2025 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth Quarter and Full Year 2024 on Tuesday, February 4, 2025, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, February 4, 2025 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Fourth Quarter and Full Year 2024 results, which will be we
OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- Third Quarter Highlights Quarterly revenues decreased by 2.2% year-over-year to $60.2 million;Quarterly service revenues increased by 6.4% year-over-year to $32.5 million;GAAP results:- Quarterly GAAP gross margin was 65.2%;- Quarterly GAAP operating margin was 8.1%;- Quarterly GAAP EBITDA was $5.9 million;- Quarterly GAAP net income was $2.7 million, or $0.09 per diluted share. Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.6%;- Quarterly Non-GAAP operating margin was 11.7%;- Quarterly Non-GAAP EBITDA was $7.9 million;- Quarterly Non-GAAP net income was $4.9 million, or $0.16 per diluted share.Net cash provided by operating activi
Meeting Insights' support for Microsoft Teams and Zoom unifies recap across UCaaS platforms and empowers enterprise-wide centralized collaboration OR YEHUDA, Israel, Oct. 28, 2024 /PRNewswire/ -- Highlights: Meeting Insights expands support to Zoom meetings, in addition to Microsoft Teams, providing a unified meeting intelligence solution across unified communications as a service (UCaaS) platforms.By supporting both Microsoft Teams and Zoom, Meeting Insights enables organizations to centralize insights from all meeting data, providing a comprehensive view of organizational knowledge and fostering informed decision-making.Key features include AI-powered meeting summaries, action item extrac
OR YEHUDA, Israel, Oct. 7, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Third quarter 2024 on Wednesday, November 6, 2024, before the market open on NASDAQ, reflecting the quarterly period ended September 30, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Wednesday, November 6, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Third quarter 2024 results, which will be webcasted simultaneously
Meeting Insights employs conversational AI to transform how organizations manage and leverage crucial information from Microsoft Teams meetings OR YEHUDA, Israel, July 31, 2024 /PRNewswire/ -- Highlights Meeting Insights is part of AudioCodes' growing offering of SaaS applications designed to meet evolving market demands for more flexible, scalable and integrated solutions for the modern workplace.The award's judges recognized Meeting Insights' ability to leverage conversational AI to enhance users' productivity and overall communications experience.Meeting Insights supports better decision-making through business-wide sharing of meeting intelligence, ensuring organizations operate more eff
OR YEHUDA, Israel, July 30, 2024 /PRNewswire/ -- Second Quarter Highlights Quarterly revenues increased by 0.5% year-over-year to $60.3 million;Quarterly service revenues increased by 12.3% year-over-year to $32 million;GAAP results:- Quarterly GAAP gross margin was 65.5%;- Quarterly GAAP operating margin was 8.2%;- Quarterly GAAP EBITDA was $6.2 million;- Quarterly GAAP net income was $3.8 million, or $0.12 per diluted share.Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.8%;- Quarterly Non-GAAP operating margin was 11.9%;- Quarterly Non-GAAP EBITDA was $8.3 million;- Quarterly Non-GAAP net income was $5.5 million, or $0.18 per diluted share.Net cash used by operating activities
OR YEHUDA, Israel, July 3, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Second quarter 2024 on Tuesday, July 30, 2024, before the market open on NASDAQ, reflecting the quarterly period ended June 30, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, July 30, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Second quarter 2024 results, which will be webcasted simultaneously. The call will b
AudioCodes leads the enterprise SBC market for the third year running with a 23.1% worldwide revenue share for 2023 LOD, Israel, May 15, 2024 /PRNewswire/ -- Highlights Research firm Omdia ranked AudioCodes as the market leader for 2023 with a worldwide revenue share of 23.1% in its Enterprise SBCs and VoIP Gateways Market Tracker – 4Q23 and CY23 Analysis and 2024–28 ForecastAudioCodes was also ranked by Omdia as the top vendor in the same category for 4Q23 with a 26.8% shareAudioCodes Mediant SBCs are certified for Microsoft Teams Direct Routing and Operator Connect, enabling high voice quality and secure voice connectivity for Teams customersThey also support WebRTC, Voice AI and Bring-Yo
LOD, Israel, May 7, 2024 /PRNewswire/ -- First Quarter Highlights Quarterly revenues increased by 1.5% year-over-year to $60.1 million;Quarterly service revenues increased by 3.3% year-over-year to $31.5 million;GAAP results: - Quarterly GAAP gross margin was 64.4%;- Quarterly GAAP operating margin was 5.5%;- Quarterly GAAP net income was $2.1 million, or $0.07 per diluted share.Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.2%;- Quarterly Non-GAAP operating margin was 10.5%;- Quarterly Non-GAAP net income was $5.2 million, or $0.17 per diluted share.Net cash provided by operating activities was $15.0 million for the quarter.AudioCodes declared a cash dividend of 18 c
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OR YEHUDA, Israel, Jan. 6, 2025 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth Quarter and Full Year 2024 on Tuesday, February 4, 2025, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, February 4, 2025 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Fourth Quarter and Full Year 2024 results, which will be we
OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- Third Quarter Highlights Quarterly revenues decreased by 2.2% year-over-year to $60.2 million;Quarterly service revenues increased by 6.4% year-over-year to $32.5 million;GAAP results:- Quarterly GAAP gross margin was 65.2%;- Quarterly GAAP operating margin was 8.1%;- Quarterly GAAP EBITDA was $5.9 million;- Quarterly GAAP net income was $2.7 million, or $0.09 per diluted share. Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.6%;- Quarterly Non-GAAP operating margin was 11.7%;- Quarterly Non-GAAP EBITDA was $7.9 million;- Quarterly Non-GAAP net income was $4.9 million, or $0.16 per diluted share.Net cash provided by operating activi
OR YEHUDA, Israel, Oct. 7, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Third quarter 2024 on Wednesday, November 6, 2024, before the market open on NASDAQ, reflecting the quarterly period ended September 30, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Wednesday, November 6, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Third quarter 2024 results, which will be webcasted simultaneously
OR YEHUDA, Israel, July 30, 2024 /PRNewswire/ -- Second Quarter Highlights Quarterly revenues increased by 0.5% year-over-year to $60.3 million;Quarterly service revenues increased by 12.3% year-over-year to $32 million;GAAP results:- Quarterly GAAP gross margin was 65.5%;- Quarterly GAAP operating margin was 8.2%;- Quarterly GAAP EBITDA was $6.2 million;- Quarterly GAAP net income was $3.8 million, or $0.12 per diluted share.Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.8%;- Quarterly Non-GAAP operating margin was 11.9%;- Quarterly Non-GAAP EBITDA was $8.3 million;- Quarterly Non-GAAP net income was $5.5 million, or $0.18 per diluted share.Net cash used by operating activities
OR YEHUDA, Israel, July 3, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Second quarter 2024 on Tuesday, July 30, 2024, before the market open on NASDAQ, reflecting the quarterly period ended June 30, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, July 30, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Second quarter 2024 results, which will be webcasted simultaneously. The call will b
LOD, Israel, May 7, 2024 /PRNewswire/ -- First Quarter Highlights Quarterly revenues increased by 1.5% year-over-year to $60.1 million;Quarterly service revenues increased by 3.3% year-over-year to $31.5 million;GAAP results: - Quarterly GAAP gross margin was 64.4%;- Quarterly GAAP operating margin was 5.5%;- Quarterly GAAP net income was $2.1 million, or $0.07 per diluted share.Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.2%;- Quarterly Non-GAAP operating margin was 10.5%;- Quarterly Non-GAAP net income was $5.2 million, or $0.17 per diluted share.Net cash provided by operating activities was $15.0 million for the quarter.AudioCodes declared a cash dividend of 18 c
LOD, Israel, April 3, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its First quarter 2024 on Tuesday, May 07, 2024, before the market open on NASDAQ, reflecting the quarterly period ended March 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, May 07, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the First quarter 2024 results, which will be webcasted simultaneously. The call will be hosted
LOD, Israel, Feb. 6, 2024 /PRNewswire/ -- Fourth Quarter and Full Year 2023 Highlights Quarterly revenues increased by 3.2% sequentially to $63.6 million;full year 2023 revenues decreased by 11.2% to $244.4 million.Quarterly Service revenues of $30.9 million accounted for 48.6% of revenues;full year 2023 service revenues increased by 8.7% to $120.4 million.GAAP results:- Quarterly GAAP gross margin was 66.7% compared to 66.5% in the prior quarter;- Quarterly GAAP operating margin was 11.4% compared to 9.4% in the prior quarter;- Quarterly GAAP net income was $3.7 million, or $0.12 per diluted share compared to $4.3 million, or $0.14 per diluted share, in the prior quarter;- Full 2023 year G
LOD, Israel , Jan. 3, 2024 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth quarter and full year 2023 on Tuesday, February 06, 2024, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2023. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Tuesday, February 06, 2024 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Fourth quarter and full year 2023 results, which will be webcas
LOD, Israel, Oct. 4, 2023 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Third quarter 2023 on Thursday, November 02, 2023, before the market open on NASDAQ, reflecting the quarterly period ended September 30, 2023. AudioCodes' financial results will be released over the news wires and will also be posted on its corporate website. On Thursday, November 02, 2023 at 8:30 a.m. Eastern Time, AudioCodes will conduct a conference call to discuss the Third quarter 2023 results, which will be webcasted simultaneously. The call
AI-powered meeting summaries and smart video enhance collaboration and overall organizational productivity OR YEHUDA, Israel, Jan. 13, 2025 /PRNewswire/ -- Highlights AudioCodes Intelligent Meeting Room leverages cutting-edge AI technology to enhance in-person and remote participants' experience while increasing productivity through automated meeting summaries.Generative AI integrated with AudioCodes' meeting room devices automatically creates and shares meeting summaries, freeing up in-room participants to focus on ongoing discussions rather than manual note-taking.AI meeting summarization utilizes AudioCodes' Meeting Insights technology transforming online meeting content into a valuable
Meeting Insights' support for Microsoft Teams and Zoom unifies recap across UCaaS platforms and empowers enterprise-wide centralized collaboration OR YEHUDA, Israel, Oct. 28, 2024 /PRNewswire/ -- Highlights: Meeting Insights expands support to Zoom meetings, in addition to Microsoft Teams, providing a unified meeting intelligence solution across unified communications as a service (UCaaS) platforms.By supporting both Microsoft Teams and Zoom, Meeting Insights enables organizations to centralize insights from all meeting data, providing a comprehensive view of organizational knowledge and fostering informed decision-making.Key features include AI-powered meeting summaries, action item extrac
Meeting Insights employs conversational AI to transform how organizations manage and leverage crucial information from Microsoft Teams meetings OR YEHUDA, Israel, July 31, 2024 /PRNewswire/ -- Highlights Meeting Insights is part of AudioCodes' growing offering of SaaS applications designed to meet evolving market demands for more flexible, scalable and integrated solutions for the modern workplace.The award's judges recognized Meeting Insights' ability to leverage conversational AI to enhance users' productivity and overall communications experience.Meeting Insights supports better decision-making through business-wide sharing of meeting intelligence, ensuring organizations operate more eff
AudioCodes leads the enterprise SBC market for the third year running with a 23.1% worldwide revenue share for 2023 LOD, Israel, May 15, 2024 /PRNewswire/ -- Highlights Research firm Omdia ranked AudioCodes as the market leader for 2023 with a worldwide revenue share of 23.1% in its Enterprise SBCs and VoIP Gateways Market Tracker – 4Q23 and CY23 Analysis and 2024–28 ForecastAudioCodes was also ranked by Omdia as the top vendor in the same category for 4Q23 with a 26.8% shareAudioCodes Mediant SBCs are certified for Microsoft Teams Direct Routing and Operator Connect, enabling high voice quality and secure voice connectivity for Teams customersThey also support WebRTC, Voice AI and Bring-Yo
Tata Tele Business Services (TTBS) enterprise customers in India can now enjoy Microsoft Teams voice calling with AudioCodes' SaaS solutions for Microsoft Operator Connect and Direct Routing LOD, Israel, March 25, 2024 /PRNewswire/ -- Highlights TTBS and AudioCodes have collaborated to offer Smartflo UCaaS on Microsoft Teams for integrated voice calling via Microsoft Operator Connect and Direct Routing for Microsoft TeamsThe AudioCodes Live Platform for Microsoft Teams solution enables TTBS to streamline Microsoft Teams voice UCaaS delivery from a single platform integrated into their existing core networkAudioCodes Live Platform includes advanced automation and user management tools to sim
The New Omnichannel Experience Will Support Email and Webchat in a One-screen Microsoft Teams Contact Center Built in Azure LOD, Israel, March 13, 2024 /PRNewswire/ -- Highlights AudioCodes has added support for digital interactions to its Contact Center as a Service (CCaaS) solution, the Voca Conversational Interaction Center (CIC)The new omnichannel experience allows enterprises to provide a consistently integrated customer experience across email, webchat, and voice channelsVoca CIC's omnichannel design place special focus on agent multitasking across multiple engagement channels through a one-screen experienceEnterprises adopting the new omnichannel experience can trust the reliability
The Voca Conversational Interaction Center (CIC) Secures Top Honors in the 2024 CX Awards, Winning the Best Microsoft Teams Contact Center Solution LOD, Israel, March 4, 2024 /PRNewswire/ -- Highlights AudioCodes Voca CIC is selected by 16 CX industry experts to win the CX Award 2024 for Best Microsoft Teams Contact Center SolutionJudges were impressed with Voca CIC's unwavering reliability to provide a superior customer experience based on its Azure-native integration with Microsoft TeamsVoca CIC is certified for Microsoft Teams and built in Azure, leveraging Azure Communications Services as the foundation for Teams integration Embedded Conversational AI in Voca CIC allows users to intera
Redefining the Meeting Experience with AI and AV Expertise LOD, Israel, Jan. 30, 2024 /PRNewswire/ -- Highlights AudioCodes and Kramer are partnering to redefine the Microsoft Teams Meeting Experience.The partnership brings together AudioCodes' expertise in Microsoft Teams Room solutions, management tools and AI-powered meeting analytics, with Kramer's expertise in innovative audio-visual solutions.Combining AudioCodes AI and Kramer's AV innovation allows enterprises to improve the user experience during a meeting and drive more productive, intelligence-based meeting outcomes.The collaboration provides system integrators with a uniquely comprehensive solution for Microsoft Teams meeting spa
LOD, Israel, Jan. 24, 2022 /PRNewswire/ -- AudioCodes (NASDAQ:AUDC), a leading vendor of advanced communications software, products and services to increase productivity in the digital workplace, today announced the appointment of Mr. Dmitry Netis as Chief Strategy Officer effective immediately. Mr. Netis will report to Mr. Shabtai Adlersberg, President and CEO of the Company. Mr. Netis joins AudioCodes having worked 25 years in the technology sector and after 15 years on Wall Street covering infrastructure and application companies in Unified Communications, Collaboration, Customer Experience markets, among other sectors. Most recently Mr. Netis worked as a managing director and an investme
BofA Securities downgraded Audiocodes from Neutral to Underperform and set a new price target of $9.50 from $22.00 previously
BofA Securities downgraded Audiocodes from Buy to Neutral and set a new price target of $25.00 from $38.00 previously
Needham reiterated coverage of AudioCodes with a rating of Buy and set a new price target of $37.00 from $40.00 previously
Sidoti upgraded Audiocodes from Neutral to Buy and set a new price target of $37.00
Barclays reiterated coverage of AudioCodes with a rating of Underweight and set a new price target of $28.00 from $32.00 previously
Sidoti downgraded Audiocodes from Buy to Neutral and set a new price target of $37.00
Jefferies downgraded AudioCodes from Buy to Hold and set a new price target of $38.00
Barclays initiated coverage of Audiocodes with a rating of Underweight and set a new price target of $32.00
Barclays downgraded AudioCodes from Equal-Weight to Underweight and set a new price target of $32.00 from $34.00 previously
Needham initiated coverage of AudioCodes with a rating of Buy and set a new price target of $40.00