AudioCodes Ltd. AUDC was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.54–$4.20 in the past one-month time frame.
In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for AudioCodes. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
AudioCodes currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is negative.
Another favorably-placed communications components stock is EXFO Inc EXFO, which sports the same Zacks Rank as AudioCodes.
Is AUDC going up? Or down? Predict to see what others think: Up or Down
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