One company that should be on your radar is AudioCodes Ltd. (AUDC). The stock of this communication component company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AUDC’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 11 cents a share a month ago to its current level at 14 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, AUDC has seen some pretty solid trading lately, as the company has moved higher by 13.7 % in the past month.
If AudioCodes can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AUDC on your watch list for the future.
Other top-ranked stocks worth considering in this space include Westell Technologies, Inc. (WSTL), Plantronics, Inc. (PLT) and ADTRAN Inc. (ADTN). While Westell Technologies carries a Zacks Rank #1 (Strong Buy), Plantronics and ADTRAN hold a Zacks Rank #2 (Buy).
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AUDIOCODES LTD (AUDC): Free Stock Analysis Report
WESTELL TECHNOLOGIES INC CL A (WSTL): Free Stock Analysis Report
PLANTRONICS INC (PLT): Free Stock Analysis Report
ADTRAN INC (ADTN): Free Stock Analysis Report
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