Audiocodes Stock Price, News & Analysis

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.

AudioCodes (NASDAQ: AUDC) announced the release date for its third quarter 2020 financial results, scheduled for October 27, 2020, before the market opens. The results will cover the period ending September 30, 2020, and will be made available through news wires and the corporate website. A conference call will occur on the same date at 8:30 a.m. Eastern Time, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate via phone or webcast. More details are available on AudioCodes' investor site.

AudioCodes (NASDAQ: AUDC) announced enhancements to its Room Experience (RX) suite, designed for Microsoft Teams environments. Key upgrades include the RXV80 audio/video bar and new RXV100-B solution bundles to improve video conferencing experiences for small and medium meeting rooms. The RXV80 is set for general availability in Q4 2020, offering high-quality meeting capabilities. AudioCodes also introduced a productivity tool, Meeting Insights, to enhance the Teams experience during meetings. The company aims to leverage growing demand for effective remote work solutions.

AudioCodes (NASDAQ: AUDC) has been chosen by Enablis, a provider of secure communication services in Australia and New Zealand, to deliver voice calling solutions for mid-enterprise customers. Utilizing AudioCodes Live Cloud for Microsoft Teams, Enablis will facilitate the transition of users to Microsoft Teams' unified communications. This partnership enables Enablis to offer two service tiers: Hosted Essentials and Hosted Pro, aimed at simplifying customer onboarding and management. This selection positions AudioCodes as a key player in the growing UCaaS market.

AudioCodes (NASDAQ: AUDC) announced a semi-annual cash dividend of 14 cents per share, totaling approximately US$4.6 million. The dividend will be paid on September 1, 2020, to shareholders on record as of August 17, 2020. The company received Israeli court approval to declare dividends up to US$10 million through February 3, 2021. The dividend is subject to a 25% withholding tax, with a 30% rate for substantial shareholders. The Board will determine future dividends.

AudioCodes reported strong financial results for Q2 2020, with revenues of $53.5 million, an 8.1% increase year-over-year. Service revenues reached $17.1 million, up 3%. GAAP net income was $6.6 million ($0.21 per diluted share), while non-GAAP net income rose to $10.5 million ($0.32 per diluted share). Operating cash flow stood at $10.7 million. The company raised $85.4 million through a public offering, enhancing liquidity to $170.4 million in cash and equivalents. Notably, revenues from Microsoft Teams grew over 300% year-over-year.

AudioCodes (NASDAQ: AUDC), a leader in advanced communications solutions, will announce its second quarter 2020 financial results on July 28, 2020, before market open. The results for the quarter ending June 30, 2020 will be made available via news wires and on its corporate website. A live conference call will take place that day at 8:30 a.m. ET, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can access the call by phone or through a webcast on AudioCodes' investor site.

AudioCodes (NASDAQ: AUDC) reported a significant achievement in Omdia's Q1 2020 report, with a 24% year-over-year growth in session border controller (SBC) revenues, making it the fastest-growing vendor in the market. The company holds a 17% market share among SBC vendors, ranking second overall. AudioCodes’ SBC solutions are essential for Microsoft Teams Direct Routing, all-IP migration, and secure remote work.
This growth reflects increasing demand for AudioCodes' products in the evolving digital workplace.