AudioCodes Ltd. (AUDC - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 15.1% in the past one-month time frame.
The move came after the company announced that BT, one of the leading providers of communications services and solutions in the world, has selected AudioCodes Mediant session border controllers to provide connectivity in the UK.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AudioCodes currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
AudioCodes Ltd. Price
Investors interested in the Communication - Components industry may consider SeaChange International, Inc. (SEAC - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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