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AudioCodes Ltd. (AUDC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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31.54-1.24 (-3.78%)
As of 12:49PM EST. Market open.
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  • L
    Larry
    $32.40 is 20X EPS 2022 estimates but that may not matter until the earnings call if markets continue to discount runaway inflation and a growing list of other worries. I have more confidence in the Fed than I do in any agency of the US government, or either political party, to start dealing effectively with all the issues on their plates. I also agree with sentiment in the markets saying the Fed is well behind the curve.
  • L
    Larry
    The chart showed continuing distribution of shares Friday. Volume surged to more than 2X a rising average daily share count (on a down day for the stock and markets). The chart also shows another test of the bottom Bollinger Band and the 40 RSI threshold Friday which is a good thing. Buyers stepping up to buy 244,989 shares in a market that looked like it wanted to trade lower to find a bottom is a good thing. Friday feels like buyers plural accumulating shares notwithstanding distribution on the chart. Call me overly optimistic but I don't see much risk to AudioCodes share price as no profit tech and 60X sales tech rerates as the US 10 Year ticks up. If the US is getting close to full employment at much lower levels than pre-pandemic levels, that becomes a tailwind as businesses worldwide have to increase efficiency and compete for talent spurring end markets for AudioCodes WFA cloud based hardware, software and services. The pandemic becoming endemic should also be a continued tailwind for WFA. The discounted expected February dividend is also getting quite interesting with about a month to go to a dividend that would be 6.45% annualized (a .18 dividend on Friday's close ex div in a month).
  • L
    Larry
    I received an email update from AudioCodes News this morning announcing a webinar next week by AudioCodes and Microsoft with the catchy lead: "One week to go! Live webinar with Microsoft! Give VOICE to Microsoft Power Virtual Agents". The email includes a sign up for the webinar.

    The update/invite is well done and one statement really got my attention: "Join this unmissable webinar, where Microsoft and AudioCodes experts will share their top tips on how to get your chatbots talking – all without requiring any prior bot building experience." Good Stuff.
  • L
    Larry
    +1.13 or 3.25% to $35.87 is a nice way to start 2022 even if a single premarket trade is irrelevant. I like what feels like a quiet confidence amongst buyers in Q4 2021 while the market that was dumping shares in names like ZM. Time will tell if the lousy performance of ZM had more to do with a single director selling over $3B of stock or a general rerating of retail trader darling stocks or, perish the thought, buyers looking at the relative GARPiness of a name like AUDC. I'm waiting for updated 2022 guidance and initial guidance for 2023, and possibly 2024, on the Q4 and full year 2021 call later this month. If the company guides for 15%+ EPS growth in 2022 and 2023 that is not in analyst estimates looking for $1.64 is 2022 vs $1.51 in 2021. Happy New Year!
  • L
    Larry
    One number that should give AudioCodes longs heart as markets digesst the Fed moving on inflation... 20.54.

    20.54 is the 2022 forward PE based on the closing price yesterday and analyst estimates for 2022 (that I still think are too low for 2022 and beyond because management adjusted OPEX mid year in 2021 to spur future growth). 30X 2022 estimates would be +46% from the close yesterday. Maybe that is two or three numbers?
  • s
    shlomo
    Shabthai,
    Enough is enough,
    It's time to sell AUDC!
    A 25% premium is enough!
    For price of $42- $44 I will applaud you, so go ahead, sell !!!!!
  • s
    shlomo
    Shabthai & AUDC board!

    It's time to sell AUDC!
    A 25% premium is enough!
    For price of $42- $44 I will applaud you, so go ahead, sell !!!!!
    Do not wait any longer,
    The market situation is getting worse,
    Not to wait another few years, and maybe get more,
    Sell now !!!
  • L
    Larry
    Boring is okay. Boring is terrific for a small cap in a market rerating a number of sectors and digesting tax loss selling, Omicron, etc.. The chart shows distribution on low volume over the last five weeks with RSI bouncing off 40 RSI four times without testing 30 RSI. The good news is we're on the cusp of a bullish MACD crossover that should follow through with the Santa Rally... Buyers today are also six or seven weeks from an ex div for an .18 dividend if the company continues to raise the dividend per past practice. Assuming .18 on a $35 purchase price with 7 weeks to the ex date I get an annualized yield of @3.82% for buyers today. Not bad for boring all the way around.
  • L
    Larry
    JNPR up 5%+ pre market on a double upgrade, citing valuation and secular growth, looks good on the stock. Will AudioCodes shine when growth at any price gives way to growth at a reasonable price? I think so if management affirms long term guidance for 2022 and 2023 first offered as out years guidance on the Q4 and full year 2020 call when they report Q4 and full year 2021. I don't think it is a coincidence that AudioCodes and the NASDAQ Comp both bounced nicely yesterday after testing their 200MA. FWIW on the latter point... The COMPQ and AUDC candles for yesterday are quite similar: the notable difference is AUDC bounced off the 200MA while COMPQ traded well below the 200MA before bouncing. The bounce yesterday in COMPQ doesn't preclude a sector rotation becoming a market correction. I'm not sure what it says about me that I'm more comfortable with my AUDC position than I am adding to my ADBE and MSFT positions yesterday (well below the 200MA and above the 150MA respectively). If the market takes another 4% to 8% off MSFT to reset the MSFT share price like the market has done with ADBE does it change anything for AUDC? Not for me. Not as long as AudioCodes management keeps blocking and tackling like they have been.
  • L
    Larry
    I overlooked the Press Release Monday: "AudioCodes Simplifies Microsoft Operator Connect Customer Onboarding for Service Providers". That sounds like the 2021 investment to improve service offerings beginning to pay off. The chart is still showing distribution but RSI has not dipped below 40 and turned up to 45.78. Volume for the last three trading days is 2.46X a rising average daily volume number.
  • L
    Larry
    Looking back to 9/2 when markets first began to wobble AUDC is +8.8% while the S&P, NASDAQ & Russell are bunched between +2.2% and +3.3%. Absent an unexpected headline I will continue to spend more time with everything else in my portfolio than AudioCodes. AudioCodes is acting more like a blue chip in the end of year upheaval. I might add a few shares if quad witching and year end selling pushes shares down too far, but I'm spening more time on other names that haven't outrun markets by 550 to 660 basis points since 9/2. If a few pennies on the dollar coming out of P/S darlings that have blown up the last couple of months wind up in AUDC that would support the share price and set the company up well for 2022 and 2023. Best to all as we come to the end of another tough year.
  • r
    rat135
    I see this time AUDC reports earning late on Feb-1
    What can be the reason ?
  • r
    rat135
    Support is broken
    It is running down fast
    I would expect some buy back to jump in at this level
  • L
    Larry
    It is nice to see AUDC doing much better today than the NASDAQ Comp & MSFT. The bottom Bollinger Band and rising 200MA should cross between @$33.05 and $33.10 today or tomorrow. That would be a nice level to bounce higher from with the recent intraday low of $32.93 -- but I think we're going to need some help from the NASDAQ Comp, MSFT, etc. to pull that off.
  • L
    Larry
    Strong volume again this morning. Three weeks before earnings. In spite of the market still trying to make up its mind if the bottom is in on tech in another rotation/correction and an honest to goodness correction is off the table again. It should be so easy...
  • L
    Larry
    Volume is up this morning. Buyers are stepping up above the 200MA and bottom Bollinger Band at $32.91 and @$33.20 this morning. The bullish pullback scenaro posited by Carter Worth this morning suggests we're within a point of a bottom techs should bounce from (again). Missed my low limit order by .01... For the record I'm fine with looking back in a year or so and laughing off missing those shares by .01 after shares run much higher from here.
  • L
    Larry
    Take a look at a technical chart with Bollinger Bands set at 20, 2.0. Over the last 6 months I count 13 successful tests of the bottom Bollinger Band including today. 13 times shares traded or opened below the bottom Bollinger Band... If shares close above @$33.35 today we'll be 13 for 13 closing above the bottom Bollinger Band after trading or opening below it. 12 for 12 is a good start. 13 for 13 in this market is really good.
  • L
    Larry
    The Zoom CFO said on CNBC this morning the company is open to acquisitions focused on acquiring talent, technology and broadening product offerings. Cathie Wood, also on CNBC, was talking about unified communications supplanting Cisco and others. Because Cathie swings for the fences on every pitch she also talked about shorting CSCO to leverage long bets on new technology stocks which opens the door for the WSB crowd chase the share price of UC and UCaaS plays higher buying out of the money options. I'd like to see a new all time high by Q1 2023 on fundamentals but I'd take a new all time high on market nonsense or an acquisition before Q1 2022 and be very happy with that.
  • r
    rat135
    Larry - where is the volume
    Russel is up 2% and AUDC trading with 4000 shared after 1 hour
  • R
    Razumovsky
    Larry is neglecting his duties .
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