AudioCodes Ltd. (NASDAQ:AUDC) developer of VoIP and data networking products, is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.27 per share from $ 53.04 million in revenue.
For the full year, analysts predict revenues of $ 217.87 million, while looking forward to income of $ 1.10 per share.
Previous Quarter Performance
AudioCodes Ltd. unfold income for the first quarter of $ 0.25 per share, from the revenue of $ 52.02 million. The quarterly earnings gained 38.89 percent while revenues elevated 11.68 percent compared with the same quarter last year.
According to street consensus, AUDC was expected to report 1Q20 income of $ 0.23 per share from revenue of $ 50.85 million. The bottom line results beat street analysts by $ 0.02 or 8.70 percent, at the same time, top line results outshined analysts by $ 1.17 million or 2.30 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AUDC was $ 44.76, representing a 397.33 % increase from the 52 week low of $ 9.00 and a 0.4 % decrease over the 52 week high of $ 44.94.
The company has a market capital of $ 1.42 billion and is part of the Technology sector and Communication Equipment industry.
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Recent Analyst recommendations
- On 14th July 2020, initiated by Jefferies Financial Group at Buy rating, with $ 40.00 target price.
Conference Call
AudioCodes Ltd. will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.audiocodes.com
AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The companys products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.
