For its second fiscal quarter (ending June 30), Audiocodes Ltd (NASDAQ: AUDC) has reported E.P.S. of $0.12 compared to $0.03 a year ago. For the latest four quarters through June 30, E.P.S. were $0.45 versus $0.44 for the same period a year ago.
Recent Price Action
Audiocodes Ltd (NASDAQ: AUDC) stock closed at $11.04 on 7/30/24 after a large increase of 4.3%. Moreover, this advance was accompanied by unusually high trading volume at 174% of normal. The stock has risen 1.6% during the last week but has been weak relative to the market over the last nine months.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Audiocodes has a neutral Appreciation Score of 44 but a poor Power Rating of 23, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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