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AudioCodes Ltd. (AUDC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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27.97-0.48 (-1.69%)
At close: 4:00PM EST
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  • L
    Larry
    I guess we should hope there is something to the CRM buying WORK rumor. If there isn't it is further proof of the death of journalism and never mind who profits from wild swings in stocks like CRM and WORK that result...
  • s
    shlomo
    AUDC Analysts Consensus:
    Low - 37$
    High - 46$
    Median - 40$
    Average - 40.6$

    Target rate given in the last 4 months:

    Sidoti - 38$
    Barclays - 37$
    Citigroup - 38$
    Bank of America - 46$
    Needham - 42$
  • L
    Larry
    Small caps can be maddening. Small caps can also be up 1,032% in 8 years. That is more than 3X what NASDAQ in the same time. 1,032% is how much AUDC is up since November 20, 2012 per Yahoo! Finance charts. The real money in AUDC hasn't made chasing shares higher when the traders show up. The real money in AUDC has been made buying and holding shares when there always seems to be someone willing to sell lower. It was easier to hold or buy when you could buy shares for less than cash on hand or below book/enterprise value, but there is arguably a compelling GARP opportunity at current levels for patient investors. There are risks but throw out the lowball analyst price target and you're looking at an @60% return from current levels. Throw out the lowball analyst estimates and you're looking at double digit EPS growth for 2021 too.
  • L
    Larry
    How about that. We're outperforming NASDAQ, WFH, etc. and the Russell 2000 on a rotation day an hour in. I think the market wants to grind higher because there is no alternative to equities. TINA. A hard left turn with a late breaking blue wave in GA Senate runoffs would limit market upside more than divided government, but a blue wave and hard left turn to US politics would also push even more stimulus dollars into the economy. Either way... TINA. The GARP story for AudioCodes should work nicely either way.
  • L
    Larry
    13F filings are coming together. There were a few large holders selling in Q3 that retained enough shares to pressure the stock if they continued selling in Q4. The most surprising addition to the sellers list is BofA selling 380,268 shares after BofA picked up coverage with a buy. Renaissance was a seller in Q3 too. There are several new buyers in the top 20 holders list as of Q3. Markets at highs on vaccine news coincident with surging Covid cases and the US Senate up in the air until January is either a great market for buyers to look through the noise on AUDC or a market that doesn't have the time or inclination to look for opportunities in small caps.
  • O
    Or Tomi
    will keep buying as it goes down. the facts are on the table here and the company is a great profitable one. traders and shorties can keep playing with it but in the long run - AUDC will break new highs.
    Bullish
  • O
    Or Tomi
    buying more at these levels and will buy ALOT more if it drops further to 20-22. no reason for a company with such great fundamentals to drop so low.
    Bullish
  • r
    rat135
    Audc looks like it is going to break 26$ in the next days
  • s
    shlomi
    With so many clever investors, watching price levels of every stock, I find it hard to believe PR is the problem, maybe 30$ tag price is just to high and we refuse to accept it.
    FYI - currently the biggest hold in my portfolio
  • b
    bigjoe
    I guess that in relating for today market, some investors may conclude that with the Removal of the covid-19 threat, one of AUDC core business might evaporate as well...
  • L
    Larry
    CMF Money Flow weakened considerably the last two days and is more bearish than it has been for a year. That would be more worrisome if fundamentals were deteriorating. The business is worth more than it was a year ago but weak money flow numbers give buyers another day or two to hold bids down and see who sells. Sure, I'd like to see shares rebound and start a march back to a new 52 week high in 2021 then continue to a new all time high in 2022. I'm also pragmatic enough to know turning over a couple more days of 2X volume at lower prices will help the rebound and advance to new highs. You believe in the business you own a part of as a relative value in a TINA world or you don't. Even if you believe in the company but you have harvestable losses to offset taxable short term gains then you need to look at the math on taking those losses vs paying taxes on the gains to hold underwater shares. Why would the share price fall to the point a rebound to the average target price is a 50% gain? More reasons than there is something wrong or somebody knows something. Passive analysts don't help either. Management being mostly non-promotional doesn't help. None of this is new to anyone who has been in the stock for a couple of years. Anybody remember the bullish consolidation below $9 in December 2018? What about the trap door sell off in March 2020? The money flow is uglier now because we're up 3X from December 2018 and more than 2X from March 2020 lows with an understandable valuation moving forward.
  • r
    rat135
    Again same behavior.
    Some volume during first 30 minutes of small investors and lack of interest after that.
    preparing the next drop for tomorrow
  • M
    Majd
    I think people posting here are jinking the stock
    This is the only reason left to explain this ugly stock performance.
    Start to hate this company and the day I decided to invest on it
  • D
    Dogchow2
    Shabtai is a genius and a great manager. The company is very solid with good growth prospects. However Shabtai recognized that the stock was overvalued at 35 and sold. He now has a huge cash pile to invest either in M&A and/or repurchase of shares as the market overreacts on the downside.
  • L
    Larry
    Ritholtz Wealth Management shows up as a new owner in 13F filings with 6,831 shares as of 9/30/20. That doesn't mean AudioCodes will get a shout out next week on CNBC from Ritholtz CEO Josh Brown. For fans of $3B to $4B valuations a year or two down the road, maybe it gets us a shout out when we break out to a new 52 week high and are within spitting distance of a new all time high. Maybe?
  • F
    Fred Hall
    What! AUDC is positive!!

    Last chance to buy cheap before the next rocket ride.
    Bullish
  • B
    Brian
    Pretty nasty day. Not sure what will turn this around in the near future.
  • L
    Larry
    Corrected the dates in the original post subconsciously wishing 2020 away and making 2020 2021 and 2021 2022. 2020 was awful the Dodgers finally winning the World Series notwithstanding.

    Analyst EPS estimates are updated at Yahoo! Finance now. Five 2020 estimates sit at an average of $1.33 with a low/high of $1.33 and $1.34. There is still a low ball estimate dragging down 2021 earnings. Five 2021 estimates average $1.43 with a low/high of $1.25 and $1.50. If you eliminate the low analyst forecasting negative earnings growth from their 2020 estimate the remaining 2021 estimates average 1.475. $1.33 to $1.475 isn't barn burner EPS growth but more than 10% is better than less than 8%. Keep your friends close and your enemies closer... I'll wait and see what management has to say about 2021 numbers: until we hear from management 2021 estimates is the opinion of four analysts and one hack.
  • L
    Larry
    Nice follow through to the first hour. Good volume. Looks like a good start at a nice reversal on the chart.