Audiocodes Ltd (NASDAQ: AUDC) has reported E.P.S. of $0.14 for its third fiscal quarter (ending September 30) versus $0.17 for the same period a year ago — a decline of -18%. Relative to the consensus estimate of $0.19, this was a shortfall of $-0.05. For the latest four quarters through September 30, E.P.S. were $0.40 versus $0.88 for the same period a year ago — a decline of -55%.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock enjoyed a major increase of 29.8% on 11/2/23. The shares closed at $10.16. The stock has been extremely weak relative to the market over the last nine months but has risen 35.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AUDC is expected to continue to be a Value Builder.
Audiocodes has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Audiocodes has a slightly positive Appreciation Score of 62 but a very low Power Rating of 14, resulting in the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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