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Shares of AudioCodes (NASDAQ:AUDC) fell 10% after the company reported Q2 results.
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Quarterly Results
Earnings per share increased 45.45% year over year to $0.32, which beat the estimate of $0.27.
Revenue of $53,522,000 up by 8.13% year over year, which beat the estimate of $52,900,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
AudioCodes hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Jul 28, 2020
Time: 08:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1995/35510
Technicals
Company's 52-week high was at $44.94
Company's 52-week low was at $9.00
Price action over last quarter: Up 49.75%
Company Overview
AudioCodes Ltd develops and sells advanced and converged voice over IP and data networking solutions, products and applications to service providers and channels, OEMs, network equipment providers and system integrators. Its products include IP phones, session border controllers, voice applications, multi-service business routers, digital and analog media gateways, among others. The company generates revenues from the sale of products through a direct sales force and sales representatives. Its geographic segments are Israel, Americas, Europe and the Far East. It derives majority of the revenues from Americas segment.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.