For its third fiscal quarter (ending September 30), Audiocodes Ltd (NASDAQ: AUDC) has reported a -36% decline in E.P.S. from $0.14 a year ago to $0.09 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.40 versus $0.40 for the same period a year ago — flat performance.
Recent Price Action
On 11/6/24, Audiocodes Ltd (NASDAQ: AUDC) stock suffered a major decline of -13.7%, closing at $7.78. Moreover, trading volume in this decline was exceptionally high at 572% of normal. The stock has declined -19.0% during the last week and 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Audiocodes has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 32, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and highly negative 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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