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AUDC 
AudioCodes Ltd (AUDC)
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Upturn Advisory Summary
02/25/2026: AUDC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $12.5
1 Year Target Price $12.5
| 0 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 209.77M USD | Price to earnings Ratio 23.6 | 1Y Target Price 12.5 |
Price to earnings Ratio 23.6 | 1Y Target Price 12.5 | ||
Volume (30-day avg) 2 | Beta 1.08 | 52 Weeks Range 6.76 - 10.96 | Updated Date 02/25/2026 |
52 Weeks Range 6.76 - 10.96 | Updated Date 02/25/2026 | ||
Dividends yield (FY) 5.47% | Basic EPS (TTM) 0.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-02-03 | When Before Market | Estimate 0.16 | Actual 0.16 |
Profitability
Profit Margin 3.65% | Operating Margin (TTM) 5.96% |
Management Effectiveness
Return on Assets (TTM) 2.66% | Return on Equity (TTM) 4.93% |
Valuation
Trailing PE 23.6 | Forward PE - | Enterprise Value 232724439 | Price to Sales(TTM) 0.85 |
Enterprise Value 232724439 | Price to Sales(TTM) 0.85 | ||
Enterprise Value to Revenue 0.96 | Enterprise Value to EBITDA 13.35 | Shares Outstanding 28677229 | Shares Floating 17435380 |
Shares Outstanding 28677229 | Shares Floating 17435380 | ||
Percent Insiders 25.95 | Percent Institutions 39.88 |
Upturn AI SWOT
AudioCodes Ltd
Company Overview
History and Background
AudioCodes Ltd. was founded in 1993 and is a leading provider of voice processing, digital signal processing (DSP) and network processing solutions. The company initially focused on embedded solutions for voice applications and has since evolved into a comprehensive provider of enterprise IP telephony and unified communications solutions. Key milestones include its IPO on NASDAQ in 1999 and continuous development and expansion of its product portfolio to address the evolving needs of the unified communications and collaboration market.
Core Business Areas
- Enterprise IP Telephony and Unified Communications Solutions: AudioCodes offers a broad range of products and services that enable enterprises to deploy and manage voice and video communication solutions. This includes IP phones, voice gateways, session border controllers (SBCs), and software applications for unified communications platforms like Microsoft Teams and Zoom.
- Voice Processing and Connectivity Technologies: The company develops and licenses advanced voice processing technologies, including codecs, echo cancellation, and noise reduction, which are integrated into its own products and also licensed to third-party manufacturers.
- Cloud and Managed Services: AudioCodes provides cloud-based communication solutions and managed services, enabling businesses to migrate to cloud-based telephony and unified communications with ease, including services for Microsoft Teams direct routing and Operator Connect.
Leadership and Structure
AudioCodes Ltd. is led by a management team with extensive experience in the telecommunications and technology sectors. The organizational structure is designed to support its product development, sales, marketing, and customer support operations globally.
Top Products and Market Share
Key Offerings
- Session Border Controllers (SBCs): AudioCodes' Mediant SBCs are a flagship product line, offering robust security, interoperability, and high availability for real-time voice and multimedia communication sessions. They are critical for connecting enterprise networks to service providers and for enabling direct routing and other advanced UC features. Competitors include Ribbon Communications, Cisco, Oracle, and Sonus (now part of Ribbon). Specific market share data for this product line is not publicly disclosed in detail but is considered significant within the enterprise SBC market.
- IP Phones: The company offers a wide range of IP phones, from basic business models to advanced executive phones, designed for seamless integration with leading UC platforms like Microsoft Teams and Zoom. These phones are known for their reliability and feature set. Competitors include Yealink, Poly, Cisco, and Fanvil. Specific market share data is not readily available but is competitive in its segment.
- Microsoft Teams Direct Routing and Operator Connect Solutions: AudioCodes is a leading provider of solutions that enable organizations to integrate their existing voice infrastructure or public switched telephone network (PSTN) with Microsoft Teams. This includes their established SBCs and specialized gateway solutions. Competitors in this space include various UCaaS providers and other SBC vendors. Their position is strong due to early adoption and deep integration with Microsoft.
- Voice Gateways: AudioCodes' voice gateways facilitate the seamless integration of legacy PBX systems and PSTN lines with IP-based communication networks, supporting digital transformation and hybrid communication strategies. Competitors include Ribbon Communications, Cisco, and Patton Electronics. Specific market share is not publicly detailed but they are a recognized player.
Market Dynamics
Industry Overview
AudioCodes operates within the rapidly evolving Unified Communications (UC) and Collaboration market, which is characterized by a strong shift towards cloud-based solutions, hybrid work models, and the integration of voice, video, and messaging. The demand for reliable, secure, and scalable communication infrastructure remains high, driven by digital transformation initiatives across all industries.
Positioning
AudioCodes is well-positioned as a leading provider of voice and UC solutions, particularly for enterprises looking to integrate with major platforms like Microsoft Teams. Their strengths lie in their deep expertise in voice technology, robust SBC offerings, and strong partnerships with cloud providers and system integrators. They cater to a broad range of customers, from small businesses to large enterprises, and are recognized for their reliability and comprehensive solution portfolio.
Total Addressable Market (TAM)
The global Unified Communications and Collaboration market is estimated to be tens of billions of dollars and is projected for continued growth. AudioCodes is positioned to capture a significant portion of this TAM, particularly within the enterprise segment for direct routing solutions, SBCs, and enterprise-grade IP phones, as well as through their managed services offerings.
Upturn SWOT Analysis
Strengths
- Strong expertise in voice processing and DSP technology.
- Leading position in Session Border Controllers (SBCs).
- Deep integration and strong partnership with Microsoft for Teams solutions.
- Comprehensive portfolio of IP phones and voice gateways.
- Established global sales and distribution network.
Weaknesses
- Reliance on key partners, particularly Microsoft, for a significant portion of its business.
- Intense competition in the UC and collaboration space.
- Potential challenges in expanding market share in newer, rapidly evolving segments outside of core strengths.
- Perception as a more traditional hardware vendor, though increasingly shifting to software and services.
Opportunities
- Continued growth of the Microsoft Teams ecosystem and demand for direct routing.
- Expansion of cloud-based UC services and managed service offerings.
- Growth in demand for secure and reliable communication solutions in hybrid work environments.
- Opportunities in emerging markets and developing economies.
- Leveraging AI and advanced analytics in communication solutions.
Threats
- Rapid technological changes and disruptive innovations in the UC market.
- Increased competition from established technology giants and agile startups.
- Economic downturns impacting enterprise IT spending.
- Changes in partner strategies or platform evolution from major UC providers.
- Cybersecurity threats and data privacy regulations.
Competitors and Market Share
Key Competitors
- Ribbon Communications (RBBN)
- Cisco Systems (CSCO)
- Avaya (AVYA - though in restructuring/private)
- Mitel Networks (MITL - private)
- Yealink (Private)
- Poly (PLT - acquired by HP)
Competitive Landscape
AudioCodes competes in a crowded and dynamic market. Its advantages lie in its specialization in voice technology, deep integration with Microsoft Teams, and a robust portfolio of SBCs and IP phones. However, it faces strong competition from larger, more diversified players like Cisco, and specialized UC vendors like Ribbon. Its ability to offer tailored solutions and strong support is crucial for maintaining its competitive edge.
Growth Trajectory and Initiatives
Historical Growth: AudioCodes has experienced steady historical growth, driven by its strong product portfolio, strategic partnerships, and expansion into new markets. The increasing adoption of UC and cloud-based solutions has been a significant tailwind.
Future Projections: Analyst estimates generally project continued revenue and earnings growth for AudioCodes, supported by the ongoing demand for its UC solutions, particularly in the Microsoft Teams ecosystem. Growth is expected to be driven by both new customer acquisition and expansion within existing accounts.
Recent Initiatives: Recent initiatives likely include the further development of cloud-native solutions, enhancements to its managed services portfolio, and ongoing innovation in its IP phone and SBC product lines to align with evolving UC platform capabilities and security requirements. Expansion of its offerings for Microsoft Teams' Operator Connect and Direct Routing services remain a key focus.
Summary
AudioCodes Ltd. is a strong player in the enterprise voice and unified communications market, particularly within the Microsoft Teams ecosystem. Its robust SBCs and IP phones are key differentiators. The company shows consistent financial growth and profitability. However, it must navigate intense competition and evolving technology trends, while a strong reliance on partnerships presents both opportunity and risk.
Similar Stocks
Sources and Disclaimers
Data Sources:
- AudioCodes Ltd. Investor Relations (Annual Reports, SEC Filings)
- Financial Data Providers (e.g., Bloomberg, Refinitiv - for aggregated financial data and market analysis)
- Industry Analyst Reports (e.g., Gartner, IDC - for market trends and TAM)
- Company Press Releases and News
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Financial data and market share figures are approximations and subject to change. This is not financial advice, and investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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 946 | Website https://www.audiocodes.com |
Full time employees 946 | Website https://www.audiocodes.com | ||
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, and hosted business services. 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 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. The company primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, systems integrators, enterprises, carriers, and distributors in the telecommunications and networking industries. AudioCodes Ltd. was incorporated in 1992 and is based in Or Yehuda, Israel.
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