All the board members of this company own lots of shares, which they were selling it every year when stock was up 5. After ppl started losing interest in AUDC , board introduced repurchase program .. LOL Now it is just that board members want to earn as much as they can squeeze funds of the company with repurchase program. Maybe it works as another trick to fool the common shareholders. LOL. These drama will continue as long as company has good market .. Now as we see lots of competitors , AUDC merely started relying on the sales .. No much value for product. As the market is slow, better option in front of AUDC is to sell the company. If not, take all the funds of AUDC on the name of repurchase. That's all. Nothing much is going behind this company
Intel is buying Mobileye and the deal is expected to close in July. Mobileye is a client of Audiocodes. after the deal closes Intel will be a client of Audiocodes. Once they are a client its usually easier to expand their sales to intel. My assumption is that Intel will either continue to use AUDC technology across the entire company or maybe make a buyout of AUDC as its cheap, profitable and in an area where intel has no exposure but complements their products. This is my opinion and do your own research as this is not a fact but rather an opinion.
i was reading the quarterly earnings for the 5th time and its becoming clearer to me that there is upside potential for this stock. I know that company execs post a rosey picture and say things are great. There is another thing to deliver. i reviewed a lot of their conference calls and they all seem to sound great with some cautions ahead. The management seems to deliver and they always invest in areas that will grow the business. A growth company like this will attract analyst and investors looking for good growth companies in the telcom industry. I think the stock double in next few months. This is my opinion and do your own research.
My opinion is that the stock price was to low and there were a few scattered sellers. Between the buyback from the company, the strong tech sector & the fact that AUDC is a value stock was more than enough to push the stock higher. The company is a growth and deserves a higher multiple compared to other growth companies. Its just proof that the stock was cheap and still is cheap. I would be surprise if we do not break $7.09 tomorrow as the technical, momentum and fundamentals all point to a much higher price. If you tack on a takeover for the stock, then there is no reason to sell or short the stock. The smart choice would be to buy the stock. This is my opinion and do your own research. This is not facts but rather my opinion and i'm not an analyst.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.2 In other words, the correlation coefficient of the other stock
Consistent morning and closing peaks with afternoon valleys...are these buybacks at play? Can we expect a breakout soon? All comments welcome.
$AUDC should bounce on the $SONS / Genband merger. Buyout coming sooner than later.
Ok Satish what price do you think deserve AUDC ?
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Looks like market hopes on Trump tax policies getting narrower. Audiocodes need to hurry up on selling their business . Otw they will sink mercilessly.
Stock is being accumulated... Since the earnings report the volume had hovered around 20K-40K. Today (5/10) we saw the highest at 89K - the price went as high as 6.68 but ended unchanged. Unless the company itself is buying the shares as part of its last buyback program, the only explanation is that someone else is accumulating the shares. The buyout is inevitable. The question is whether it would be $350 million, or $500. As for when the inevitable buyout would happen... the answer is whenever the buybacks are completed (including the up coming request which is yet to be approved). I am still "hoping" and optimistic, the buyout would happen in Q4 of this year.
AUDC need to invest in AI. Artificial intelligence is the current trend if need to survive in the market.
Great news with the 5% pickup by Morgan Stanley. This should help AUDC start moving over the next threshold, and then buyout.
Such boring session . Nothing to look at.
earnings and revenue appear to be good. The stock appears under pressure from a seller but once they are done sellling we should see higher price. In a few days we should be seeing which hedge funds been buying or selling the stock as they must report all there holdings by 45 days after the end or the qtr.
From a recent article published.....not sure if everyone saw so I figured I would share. Believe this is Q4 data recently reported....like the interest!
Several large investors have recently made changes to their positions in AUDC. Renaissance Technologies LLC increased its stake in shares of AudioCodes by 62.8% in the fourth quarter. Renaissance Technologies LLC now owns 371,272 shares of the communications equipment provider’s stock worth $2,358,000 after buying an additional 143,262 shares in the last quarter. Norges Bank purchased a new stake in shares of AudioCodes during the fourth quarter worth approximately $2,940,000. Trexquant Investment LP purchased a new stake in shares of AudioCodes during the fourth quarter worth approximately $130,000. State of Tennessee Treasury Department increased its stake in shares of AudioCodes by 34.0% in the first quarter. State of Tennessee Treasury Department now owns 116,102 shares of the communications equipment provider’s stock worth $814,000 after buying an additional 29,482 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of AudioCodes by 113.8% in the first quarter. First Trust Advisors LP now owns 40,963 shares of the communications equipment provider’s stock worth $287,000 after buying an additional 21,807 shares in the last quarter. 20.23% of the stock is currently owned by institutional investors.
200 shares sell at $6.0059 and another 3,500 shares get stopped out under $6 then a few minutes later we're back in the green after shaking out a couple thousand more shares on the cheap. It is always a comfort to know the street wants your shares, no?
After 1.5 hours we have 4000 shared traded while we are several days after reports. I am not sure what market makers trying to do here but seems like there is some kind of plan.