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Fly News Breaks for July 23, 2019
Jul 23, 2019 | 14:07 EDT
Needham analyst Richard Valera said AudioCodes reported "strong" Q2 revenue growth and he noted that the company increased its 2019 guidance. The analyst, who sees AudioCodes being poised to continue to deliver strong results given its growing Teams momentum and service provider wins that support Services and gateway growth, keeps a Buy rating on the stock and raised his price target on the shares to $20 following earnings.
News For AUDC From the Last 2 Days
Jan 21, 2021 | 09:02 EST
AudioCodes has received Israeli court approval to repurchase up to an additional $30M of its Ordinary Shares, NIS 0.01 nominal value. The share repurchases will be funded from available working capital. The court approval also permits the company to use any portion of the Permitted Amount to declare a dividend, instead of effecting share repurchases, during the period covered by the court approval. The approval is valid through July 19.