AudioCodes Ltd. (NASDAQ:AUDC) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AUDC to report 3Q20 income of $ 0.31 per share.
For the full year, analysts anticipate top line of $ 218.51 million, while looking forward to income of $ 1.20 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 214.00 million ~ $ 222.00 million, where as bottomline are predicted in a range of $ 1.18 ~ $ 1.24 per share
Click Here For More Historical Outlooks Of AudioCodes Ltd.
Previous Quarter Performance
AudioCodes Ltd. revealed income for the second quarter of $ 0.32 per share, from the revenue of $ 53.52 million. The quarterly earnings escalated 45.45 percent compared with the same quarter last year. Wall street analysts are predicting, AUDC to report 2Q20 income of $ 0.27 per share from revenue of $ 53.04 million. The bottom line results beat street analysts by $ 0.05 or 18.52 percent, at the same time, top line results outshined analysts by $ 0.48 million or 0.90 percent.
Stock Performance
Shares of AudioCodes Ltd. traded low $ -1.23 or -3.74 percent on Friday, reaching $ 31.67 with volume of 341.60 thousand shares. AudioCodes Ltd. has traded high as $ 32.64 and has cracked $ 30.45 on the downward trend
According to the previous trading day, closing price of $ 31.67, representing a 265.56 % increase from the 52 week low of $ 9.00 and a 26.79 % decrease over the 52 week high of $ 44.94.
The company has a market capital of $ 1.08 billion and is part of the Technology sector and Communication Equipment industry.
Recent Stock Dividend Announcement
The board of directors has authorized semi-annual dividend of $ 0.14 per share on August 5, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
Conference Call
AudioCodes Ltd. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 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.
