AudioCodes (AUDC) Soars: Stock Adds 9% in Session

Tuesday, 17 October 2017 05:48 Written by  Read 7 times
Rate this item
(0 votes)

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

AudioCodes Ltd. Price | AudioCodes Ltd. Quote

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.

Is AUDC going up? Or down? Predict to see what others think:Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



Zacks

A company, founded in 1977, dedicated to providing professional investors with the financial data and analysis needed to make better speculative decisions for themselves and their clients.

Zacks is probably known best for providing an extensive array of consensus earnings-per-share (EPS) estimates. However, the company also offers research reports, recommendation summaries on various stocks, stock prices, charts and tables and a host of other investment tools and data.

 

Website: www.zacks.com/