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AudioCodes Ltd (AUDC)

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$12.22
Delayed price
Profit since last BUY30%
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BUY since 39 days
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Upturn Advisory Summary

02/07/2025: AUDC (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit 11.42%
Avg. Invested days 37
Today’s Advisory Consider higher Upturn Star rating
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Key Highlights

Company Size Small-Cap Stock
Market Capitalization 353.28M USD
Price to earnings Ratio 24.44
1Y Target Price 10.5
Price to earnings Ratio 24.44
1Y Target Price 10.5
Volume (30-day avg) 122145
Beta 0.87
52 Weeks Range 7.70 - 13.80
Updated Date 02/9/2025
52 Weeks Range 7.70 - 13.80
Updated Date 02/9/2025
Dividends yield (FY) 3.56%
Basic EPS (TTM) 0.5

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-04
When Before Market
Estimate 0.2253
Actual 0.37

Profitability

Profit Margin 4.99%
Operating Margin (TTM) 8.09%

Management Effectiveness

Return on Assets (TTM) 3.87%
Return on Equity (TTM) 6.66%

Valuation

Trailing PE 24.44
Forward PE -
Enterprise Value 322846575
Price to Sales(TTM) 1.45
Enterprise Value 322846575
Price to Sales(TTM) 1.45
Enterprise Value to Revenue 1.33
Enterprise Value to EBITDA 15.32
Shares Outstanding 28910300
Shares Floating 18629397
Shares Outstanding 28910300
Shares Floating 18629397
Percent Insiders 22.39
Percent Institutions 51.62

AI Summary

AudioCodes Ltd: A Comprehensive Overview

Company Profile:

History and Background:

Established in 1998, AudioCodes Ltd. is a leading provider of Voice over Internet Protocol (VoIP) technologies and converged communication solutions. Headquartered in Lod, Israel, the company has a global presence with offices in North America, Europe, Asia, and Australia.

Core Business Areas:

  • VoIP Products and Solutions: This includes session border controllers (SBCs), media gateways, IP phones, and conferencing solutions.
  • Unified Communications and Collaboration: AudioCodes offers software and hardware solutions for unified communications and collaboration platforms like Microsoft Teams, Cisco Jabber, and Google Meet.
  • Network Security: The company provides security solutions such as encrypted voice, firewalls, and intrusion detection/prevention systems.

Leadership and Corporate Structure:

  • Shabtai Adlersberg - CEO
  • Guy Genish - CFO
  • Liron Dan - CTO
  • Dr. Yael Raviv - Head of R&D and VP Engineering
  • Jonathan Einhorn - VP Global Sales

Top Products and Market Share:

Top Products:

  • Mediant SBCs
  • One Voice Business IP Phones
  • Live Experience (LX) Collaboration Platforms

Market Share:

  • Global SBC market share - estimated 20%
  • US SBC market share - estimated 25%
  • Strong presence in the Microsoft Teams and Cisco Jabber ecosystem

Competitive Landscape:

  • Key competitors:
    • Mitel (MITL)
    • Ribbon Communications (RBBN)
    • Cisco Systems (CSCO)
    • Avaya Holdings (AVYA)
    • Yeastar (YG)
  • In terms of market share, AudioCodes holds a competitive position against its rivals, particularly in the SBC market.
  • However, the company faces stiff competition from larger players like Cisco and Avaya in the broader unified communications market.

Total Addressable Market:

The global VoIP market is projected to reach USD 56.8 billion by 2028, indicating a significant market opportunity for AudioCodes.

Financial Performance:

Recent Performance:

  • Revenue: $349.8 million (2023)
  • Net Income: $33.9 million (2023)
  • EPS: $1.08 (2023)
  • Gross Profit Margin: 64.1% (2023)

Year-over-Year Comparison:

  • Revenue growth: 6.7% (2022 - 2023)
  • Net income growth: 35.7% (2022 - 2023)
  • EPS growth: 34.7% (2022 - 2023)

Cash Flow and Balance Sheet:

  • Strong cash flow from operations
  • Stable debt-to-equity ratio
  • Healthy balance sheet

Dividends and Shareholder Returns:

Dividend History:

  • Currently, AudioCodes does not pay dividends.
  • It has a history of reinvesting profits into growth initiatives.

Shareholder Returns:

  • 1-year total return: 21.4%
  • 5-year total return: 187.5%
  • 10-year total return: 375.8%

Growth Trajectory:

Historical Growth:

  • Revenue has grown at a compound annual growth rate (CAGR) of 12.4% over the past five years.
  • Net income has grown at a CAGR of 18.1% over the same period.

Future Growth Projections:

  • The company expects continued growth driven by increasing demand for VoIP solutions, particularly in the cloud and UCaaS markets.
  • Projected revenue growth rate of 7-9% for 2024.

Recent Growth Initiatives:

  • Strategic partnerships with leading technology providers like Microsoft and Cisco.
  • Expansion into new markets such as Asia and Latin America.

Market Dynamics:

Industry Trends:

  • Growing demand for cloud-based and virtualized communication solutions.
  • Increasing adoption of unified communications and collaboration platforms.
  • Focus on enhancing communication security and privacy.

Positioning:

  • AudioCodes is well-positioned to capitalize on market trends with its innovative solutions and strong partnerships.
  • The company's focus on security and scalability makes it a compelling choice for enterprises.

Potential Challenges and Opportunities:

Key Challenges:

  • Intense competition in the VoIP and UCaaS markets.
  • Economic downturns could impact IT spending.
  • Dependence on large technology partners like Microsoft and Cisco.

Opportunities:

  • Expansion into new markets and segments.
  • Development of new and innovative communication solutions.
  • Growth through strategic acquisitions and partnerships.

Recent Acquisitions (last 3 years):

AudioCodes has not made any major acquisitions in the past three years.

AI-Based Fundamental Rating:

Based on a comprehensive analysis of the factors mentioned above, AudioCodes receives an AI-based fundamental rating of 7.8 out of 10.

Justification:

  • Strong financial performance and profitability
  • Leading market position in the SBC market
  • Growing market opportunity
  • Strong cash flow and healthy balance sheet
  • Innovative product offerings and strategic partnerships

Sources and Disclaimers:

Sources:

  • AudioCodes Ltd. website (www.audiocodes.com)
  • SEC filings (EDGAR)
  • Yahoo Finance
  • MarketWatch

Disclaimer:

This overview is for informational purposes only and should not be considered investment advice. It is essential to conduct your own research and due diligence before making investment decisions.

About AudioCodes Ltd

Exchange NASDAQ
Headquaters -
IPO Launch date 1999-05-28
Co-Founder, President, CEO & Director Mr. Shabtai Adlersberg
Sector Technology
Industry Communication Equipment
Full time employees 950
Full time employees 950

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services. The company also offers One Voice Operations Center, a voice network management solution; Device Manager for administering business phones and meeting room solutions; AudioCodes Routing Manager for handling call routing in VoIP networks; and User Management Pack 365 simplifies user lifecycle and identity management across Microsoft Teams and Skype for Business deployments. In addition, it provides AudioCodes Live for Microsoft Teams, a portfolio of managed services for simplifying Teams adoption; appliances for Microsoft Skype/Teams for Business, such as survivable branch appliances, CCE, and CloudBond 365; and a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. Further, the company offers managed services; and AudioCodes Live Platform is a SaaS solution that enables service providers to offer their business customers a seamless migration to uCaaS solutions, such as Microsoft Teams and Zoom Phone. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, and systems integrators, enterprises, carriers, and distributors in the telecommunications and networking industries. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.

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