AudioCodes (NASDAQ:AUDC) Cut to “Buy” at Wall Street Zen

AudioCodes (NASDAQ:AUDC) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AudioCodes in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.50.

AudioCodes Stock Performance

NASDAQ:AUDC opened at $7.64 on Friday. The stock has a market cap of $219.12 million, a price-to-earnings ratio of 24.65 and a beta of 1.07. AudioCodes has a 1 year low of $7.22 and a 1 year high of $12.72. The business has a fifty day moving average of $8.66 and a 200-day moving average of $9.24.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of AudioCodes during the 2nd quarter valued at $43,000. Jump Financial LLC acquired a new stake in shares of AudioCodes during the second quarter worth $127,000. SIH Partners LLLP acquired a new position in shares of AudioCodes in the 3rd quarter valued at $170,000. Cubist Systematic Strategies LLC boosted its position in shares of AudioCodes by 56.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock valued at $185,000 after purchasing an additional 7,052 shares during the period. Finally, Verition Fund Management LLC purchased a new position in AudioCodes in the 3rd quarter worth about $206,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

About AudioCodes

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.