Friday, July 30, 2010 19:32

AudioCodes Ltd. (NASDAQ:AUDC)

Posted by leapleaf on Tuesday, December 22, 2009, 22:47
This item was posted in Top Stock Picks and has 0 Comments so far.

AudioCodes Ltd. (AudioCodes) designs, develops and markets enabling technologies and system products for the transmission of voice, data, fax and multimedia communications over packet networks, which it refers to as the new voice infrastructure. The company’s products are sold primarily to original equipment manufacturers (OEMs), system integrators and network equipment providers in the telecommunications and networking industries. AudioCodes has incorporated its algorithms, technologies and systems design expertise in product lines, which can be divided into two main product lines: networking products and technology products.

-AudioCodes on Nov. 4, 2009 Introduced  “MSBG PLUS”, an Open Platform for Unified Communications for Small and Medium Enterprises.

- AudioCodes Ltd.’s revenues for the third quarter ended September 30, 2009 were $32.1 million compared to $30.4 million for the second quarter of 2009 and $46.6 million for the quarter ended September 30, 2008. Its net income in accordance with U.S. generally accepted accounting principles (GAAP) was $139,000, or $0.01 per share, for the third quarter of 2009 compared to a GAAP net loss of $891,000, or ($0.02) per share, for the second quarter of 2009, and GAAP net income of $2.3 million, or $0.06 per share, for the corresponding third quarter of 2008.

-AUDC added 5.91%, to $2.69 today. It has a market cap of 108.09 million and has traded within a 52-week range of $0.92 and $3.06. AUDC is currently above its 20-day moving average of $2.55 and above its 100-day moving average of $2.33. It has near-term technical support in the $2.57 price area. If the shares can continue the recent rebound, we see overhead resistance around the $3.06 price levels. Technical indicator for the stock is strong buy.  Here is the chart:

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