Benzinga | Jul 28, 2020 09:44AM EDT

AudioCodes: Q2 Earnings Insights



Shares of AudioCodes (NASDAQ:AUDC) fell 10% after the company reported Q2 results.

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.

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.