Audiocodes Stock Price, News & Analysis

AudioCodes (NASDAQ: AUDC) has been chosen by Algar Telecom to provide Microsoft Teams unified communications as a managed service. This service will utilize the AudioCodes Live Cloud for Microsoft Teams, allowing business customers to migrate to Teams seamlessly without heavy infrastructure investments. The offering features a subscription model with two variants: Hosted Essentials and Hosted Pro, both simplifying onboarding and management. This partnership aims to enhance productivity for businesses in Brazil, leveraging Azure cloud capabilities.

AudioCodes (NASDAQ: AUDC) will release its first quarter 2021 financial results on April 27, 2021, before market open, for the period ending March 31, 2021. A conference call discussing these results will take place on the same day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call via phone or webcast, with a replay available shortly after. The release will be available on the company’s website.

AudioCodes (NASDAQ: AUDC) announced a semi-annual cash dividend of 16 cents per share, totaling approximately US$ 5.3 million. The dividend is payable on March 4, 2021 to shareholders of record as of February 18, 2021. Dividends are subject to a withholding tax of 30% for certain shareholders and 25% for others, in accordance with Israeli tax law. Future dividends will be determined by the Board of Directors.

AudioCodes has launched its SmartTAP 360⁰ Live recording solution as a service for Microsoft Teams. This new addition to the AudioCodes Live portfolio allows organizations to meet compliance and quality management needs while integrating seamlessly with Teams. SmartTAP 360⁰ Live enables efficient recording of voice calls, video sessions, and IM conversations via a pay-as-you-grow model, providing flexibility for enterprises. Certified by Microsoft, it supports the increasing demand for secure and compliant recording alternatives in today's digital workplace, particularly as Teams usage continues to grow.

AudioCodes (NASDAQ: AUDC) announced strong financial results for Q4 and full year 2020. Quarterly revenues grew by 11.1% year-over-year to $58.7 million, with service revenues up 19.9%. Full-year revenues reached $220.8 million, a 10.2% increase from 2019. Net income for Q4 was $8.4 million ($0.24/share), a significant recovery from a net loss of $8.2 million in Q4 2019. Non-GAAP net income stood at $15.2 million ($0.44/share) for Q4. The company also received court approval for share purchases and dividends up to $30 million.

AudioCodes (NASDAQ: AUDC) announced a collaboration with Twilio to provide scalable Direct Routing PSTN connectivity for Microsoft Teams customers. This integration features Twilio's Elastic SIP Trunking service and AudioCodes' Microsoft-certified Mediant session border controllers (SBCs), ensuring interoperability. The SBCs are versatile, offering both hardware and virtualized solutions, and can be deployed in various cloud environments. The streaming solution is available for rapid deployment via Azure Marketplace, promoting efficient, low-cost communication services globally.

AudioCodes (NASDAQ: AUDC) has received court approval to repurchase up to an additional $30 million of its Ordinary Shares, valid until July 19, 2021. The buyback will be funded from available working capital, with the option to declare dividends instead. Purchases may occur in open market transactions or via private negotiations, depending on market conditions. The repurchase program does not mandate the acquisition of a specific number of shares and can be suspended or discontinued at any time.

AudioCodes (NASDAQ: AUDC) has announced that it will release its financial results for the fourth quarter and year-end 2020 on January 26, 2021, before the market opens. A conference call to discuss the results will follow at 8:30 a.m. ET on the same day, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can join the call via phone or webcast. The results will be available on the corporate website and through news wires.

AudioCodes reported third-quarter 2020 revenues of $56.6 million, a 10% increase from the previous year. Service revenues rose 19.9% to $19.6 million, while UC-SIP revenues also surged about 20%. GAAP net income was $7.0 million ($0.20 per share), up from $4.4 million a year earlier. Non-GAAP net income was $13.3 million ($0.38 per share), compared to $7.4 million previously. Cash from operations was $10.9 million with total cash and equivalents at $176.4 million as of September 30, 2020.