Exclusive: Audiocodes LTD (NASDAQ:AUDC) Shifting Institutional Investors Sentiment

November 16, 2016 - By Winifred Garcia   ·   0 Comments

Exclusive: Audiocodes LTD (NASDAQ:AUDC) Shifting Institutional Investors Sentiment

Sentiment for Audiocodes LTD (NASDAQ:AUDC)

Audiocodes LTD (NASDAQ:AUDC) institutional sentiment increased to 1.56 in 2016 Q2. Its up 0.38, from 1.18 in 2016Q1. The ratio is more positive, as 14 investment managers started new and increased holdings, while 9 reduced and sold their stock positions in Audiocodes LTD. The investment managers in our partner’s database now possess: 1.78 million shares, down from 4.40 million shares in 2016Q1. Also, the number of investment managers holding Audiocodes LTD in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 2 Increased: 8 New Position: 6.

AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The company has a market cap of $197.91 million. The Firm categorizes its services and products into two main business lines: network and technology. It has a 52.45 P/E ratio. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service well-known provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and Enterprise Session Border Controls (ESBCs).

The stock decreased 1.68% or $0.1 on November 15, hitting $5.85. AudioCodes Ltd. (NASDAQ:AUDC) has risen 34.79% since April 14, 2016 and is uptrending. It has outperformed by 30.11% the S&P500.

According to Zacks Investment Research, “AUDIOCODES LTD designs, develops and markets enabling technologies and communication components for the transmission of voice, fax and modem over packet networks. Newly developed Voice over IP gateways as well as DSL and ATM access devices, enable packet networks to carry voice and data more efficiently and at lower cost than traditional telephone networks. They are a provider of voice over packet communication components that empower the development of equipment for these emerging markets.”

Acuta Capital Partners Llc holds 0.09% of its portfolio in AudioCodes Ltd. for 45,035 shares. Menta Capital Llc owns 126,212 shares or 0.07% of their US portfolio. Moreover, Soros Fund Management Llc has 0.02% invested in the company for 277,188 shares. The Texas-based Eagle Global Advisors Llc has invested 0.01% in the stock. Oppenheimer & Co Inc, a New York-based fund reported 84,900 shares.#img1#

AudioCodes Ltd. (NASDAQ:AUDC) Ratings Coverage

Ratings analysis reveals 50% of Audiocodes’s analysts are positive. Out of 2 Wall Street analysts rating Audiocodes, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $4.50 while the high is $6. The stock’s average target of $6 is 2.56% above today’s ($5.85) share price. AUDC was included in 3 notes of analysts from November 4, 2015. On Wednesday, November 2 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Wednesday, November 4 by Needham. The stock of AudioCodes Ltd. (NASDAQ:AUDC) earned “Hold” rating by Drexel Hamilton on Friday, December 18.

AUDC Company Profile

AudioCodes Ltd. (AudioCodes), incorporated on November 22, 1992, designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services whether deployed on-premise or delivered from the cloud. The Firm categorizes its services and products into two main business lines: network and technology. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service well-known provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and Enterprise Session Border Controls (ESBCs). Complementing its media gateways and session border gateways as network products are its multi-service business routers (MSBR), Internet Protocol (IP) phones, media servers, mobile VoIP solutions and value added application products. Technology products consist of its chips and boards business products. The Company’s products are deployed globally in enterprise, service well-known provider cloud networks. AudioCodes’ products include IP phones, media gateways, residential gateways, media servers, mobile communications solutions, life cycle management solutions and professional services.

More news for AudioCodes Ltd. (NASDAQ:AUDC) were recently published by: Streetinsider.com, which released: “Audiocodes Ltd (AUDC) Commences 3M Share Tender Offer” on June 16, 2016. Quotes.Wsj.com‘s article titled: “AudioCodes Ltd. AUDC (US: Nasdaq)” and published on February 11, 2011 is yet another important article.

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By Winifred Garcia


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