Key Developments: Audiocodes Ltd (AUDC.O)
4.04USD
21 May 2013
$0.02 (+0.50%)
$3.88
$4.04
$4.09
$3.97
93,992
124,987
$4.75
$1.20
Latest Key Developments (Source: Significant Developments)
AudioCodes Ltd Issues FY 2013 Guidance; EPS Guidance Below Anlaysts' Estimates-Conference Call
AudioCodes Ltd announced that for fiscal 2013, it forecasts revenue to be in the range of $133 million to $137 million and non-GAAP earnings per share (EPS) to be in the range of $0.10 to $0.14. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $133 million and EPs of $0.16 for fiscal 2013. Full Article
AudioCodes Ltd Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates; Comments On Q4 2012 Operating Profit Guidance-Conference Call
AudioCodes Ltd announced that for the fourth quarter of 2012, it expects revenues to be higher than third quarter 2012 revenue and the Company will return to a non-GAAP operating profit in the fourth quarter. The Company reported revenues of $31.36 in the third quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $32.48 million for the fourth quarter of 2012. Full Article
Bezeq Selects AudioCodes Ltd For Business Services Connectivity
AudioCodes Ltd announced that Bezeq, Israel's telecommunications group, has selected AudioCodes' Mediant Multi-Service Business Routers (MSBR) to provide high performance data services to its business customers. Bezeq offers its small to medium-sized business customers a range of hosted data and voice services, and has selected AudioCodes' MSBR to replace multiple customer premises equipment with a single converged device. Full Article
AudioCodes Ltd Comments On H2 2012 Revenue Guidance-Conference Call
AudioCodes Ltd announced that due to reduced visibility and timing in the spending environment, it is forecasting revenues in the second half of 2012 will be stabilized at the level of the first half of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $34 million for the third quarter of 2012; revenues of $35 million for the fourth quarter of 2012. Full Article
AudioCodes Ltd Announces Restructuring Of Operations
AudioCodes Ltd announced a plan to restructure its operations in order to better align the Company resources and assets to its core networking and enterprise telephony businesses. The restructuring plan is expected to generate estimated annualized savings of approximately 10% of the Company operating expenses and to be implemented over the next six to nine months. The Company expects the restructuring to support a return to profitability and to focus investments in innovations around its key strategic initiatives in the unified communications and enterprise telephony markets. "We are in the process of conducting a full global review of our operations to reduce annual operation expenses, simplify the organization and refine future investments. We will provide additional details during our quarterly conference call," commented Shabtai Adlersberg, Chairman, President and Chief Executive Officer of AudioCodes. Based on preliminary second quarter estimates, which are subject to changes, the Company expects that total revenues for the second quarter to be approximately $31 million and diluted loss per share not to exceed $0.04, on a Non GAAP basis. Full Article
AudioCodes Ltd And Voice Network Products Announces Partnerships With Microsoft Unified Communications
AudioCodes Ltd and Voice Network products, announced local partnerships with Microsoft Unified Communications solution integrators in Latin America. This cooperation helps ramp up Microsoft Lync deployments in the fast growing UC market in Latin America, by providing Microsoft voice specialized partners with a rich portfolio of voice connectivity solutions that helps to enable rapid and security-enhanced migration to Lync for enterprises and government institutions in the region. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
