Audiocodes Ltd (NASDAQ: AUDC) has reported earnings for its first fiscal quarter (ending March 31) of $0.07 versus a loss $-0.01 for the same period a year ago. This result fell short of the consensus estimate of $0.28 by $-0.21. For the latest four quarters through March 31, E.P.S. were $0.36 versus $0.62 for the same period a year ago — a decline of -42%.
Recent Price Action
On 5/7/24, Audiocodes Ltd (NASDAQ: AUDC) stock suffered a major decline of -12.8%, closing at $9.92. Moreover, trading volume in this decline was exceptionally high at 460% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.6% during the last week.
Current PriceTarget Research Rating
AUDC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Audiocodes has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Audiocodes has a neutral Appreciation Score of 43 but a good Power Rating of 73, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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