EZchip, AudioCodes set to rebound, Israeli stock analyst writes in Globes


EZchip's (EZCH) results will not hurt the stock, and the company's guidance will also probably be OK, Israeli stock analyst Shlomi Cohen wrote in a column in Globes. Despite Cisco's statement last week that its new chips are not meant to replace those of EZchip, it may take several weeks for the Israeli company's stock to go back above $30, Cohen believes. Meanwhile, AudioCodes' (AUDC) position "has never been better, Cohen believes. Conversely, ClickSoftware (CKSW) may not meet its already lowered guidance, but the company's sales should recover in two or three quarters, as its transition to a cloud model gains steam, the analyst believes.

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