CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Israel's AudioCodes Q3 revenue, profit rise

By Reuters News


Overview

  • Israel-based VoiceAI solutions provider's Q3 revenue rose 4.2% year-over-year

  • Net profit rose in Q3 but adjusted EPS fell from a year earlier

  • Company repurchased $15.1 mln of its shares during the quarter


Outlook

  • AudioCodes expects continued healthy top-line growth through 2026 and 2027

  • Company sees promising outlook for UCaaS and CX connectivity business in 2027

  • Company anticipates strong demand for VoiceAI solutions to continue


Result Drivers

  • SERVICES REVENUE GROWTH - Co said Q3 services revenue rose 19.9% year-over-year

  • LIVE SERVICES AND VOICEAI - Co attributed results to growth in managed services for UCaaS/CX and VoiceAI business, with combined ARR up 16% year-over-year

  • MICROSOFT TEAMS AND CONNECTIVITY - Co said Microsoft Teams and UCaaS/CX connectivity businesses showed resilience and modest growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$64.14 mln

$63.40 mln (1 Analyst)

Q3 EPS

$0.15

Q3 Net Income

$3.64 mln

Q3 Pretax Profit

Miss

$4.62 mln

$5.10 mln (1 Analyst)

Q3 Operating Expenses

$38.76 mln

Q3 Operating Income

$3.37 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the communications & networking peer group is "buy"

  • Wall Street's median 12-month price target for AudioCodes Ltd is $12.50, about 20.8% above its November 3 closing price of $10.35

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Israel's Check Point Software Q3 revenue slightly misses estimates

  • Nov 2 - Israel's Tower Semi Q3 revenue growth of 33% tops estimates, sees faster Q4 growth

  • Nov 3 - Arista Networks Q3 revenue beats estimates on strong momentum across customer sectors


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.