Needham Maintains Buy on AudioCodes, Raises Price Target to $18
$AUDC
Telecommunications Equipment
Utilities
Needham analyst Ryan Koontz maintains AudioCodes (NASDAQ:AUDC) with a Buy and raises the price target from $16 to $18.
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| 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 |
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
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SC 13G - AUDIOCODES LTD (0001086434) (Subject)
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6-K - AUDIOCODES LTD (0001086434) (Filer)
6-K - AUDIOCODES LTD (0001086434) (Filer)
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
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
Needham analyst Ryan Koontz maintains AudioCodes (NASDAQ:AUDC) with a Buy and lowers the price target from $18 to $14.
Barclays analyst Ryan Macwilliams maintains AudioCodes (NASDAQ:AUDC) with a Underweight and lowers the price target from $12 to $10.
Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained
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