• AudioCodes Ltd AUDC.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 8 cents to 11 cents per share.

• Revenue rose 2.2% to $61.55 million from a year ago; analysts expected $60.67 million.

• AudioCodes Ltd's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $2.73 million.

• AudioCodes Ltd shares had fallen by 7.2% this quarter and lost 9.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for AudioCodes Ltd is $10.75, about 17.9% above its last closing price of $8.83

This summary was machine generated from LSEG data November 4 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)