AudioCodes Ltd. (AUDC) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.06 EPS for the quarter. Analysts had a consensus estimate of $0.06. The company posted revenue of $35.90 million in the period, compared to analysts expectations of $35.38 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
AudioCodes Ltd. opened for trading at $4.27 and hit $4.35 on the upside on Wednesday, eventually ending the session at $4.28, with a gain of 1.90% or 0.08 points. The heightened volatility saw the trading volume jump to 56,560 shares. Company has a market cap of $162 M.
AudioCodes Ltd. designs develops and sells products and services for voice and data over packet networks. The Company’s products primarily provide the media gateway and session border controllers (SBC) element in the network as well as voice over Internet protocol (VoIP) end-points such as Internet protocol (IP) Phones and VoIP mobile clients. The Company’s products facilitate the transmission of voice data and fax over packet networks. Its Network products consist of customer premises equipment (CPE) gateways for the enterprise and service provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and ESBCs. Its technology products are enabling in nature and consist of its chips and boards business products. The Company operates in Netherlands through Active Communications Europe BV which provides computer system design services.