AudioCodes (AUDC, Financial) announced its first-quarter revenue at $60.37 million, falling short of the expected $62.23 million. Despite this, the company's president and CEO, Shabtai Adlersberg, highlighted the strong performance during the quarter, emphasizing the successful implementation of strategic priorities. AudioCodes made notable progress in expanding its Live managed services within the UCaaS and CX sectors, and achieved growth through the cross-selling of its AI-enhanced value-added services.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for AudioCodes Ltd (AUDC, Financial) is $11.75 with a high estimate of $12.50 and a low estimate of $11.00. The average target implies an upside of 26.62% from the current price of $9.28. More detailed estimate data can be found on the AudioCodes Ltd (AUDC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, AudioCodes Ltd's (AUDC, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AudioCodes Ltd (AUDC, Financial) in one year is $12.40, suggesting a upside of 33.62% from the current price of $9.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AudioCodes Ltd (AUDC) Summary page.
