AudioCodes (AUDC) Catches Eye: Stock Jumps 10.2%
AudioCodes Ltd. AUDC was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $7.67 to $8.17 in the past one month time frame.
The move came after the company reported better than expected second-quarter 2018 results.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AudioCodes currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
AudioCodes Ltd. Price
AudioCodes Ltd. Price | AudioCodes Ltd. Quote
A better-ranked stock in the Communication – Components industry is Arista Networks, Inc. ANET, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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