AudioCodes (NASDAQ:AUDC) reports Q3 revenue growth of 10%, on the back of 19.9% increase in services revenue and +20% in UC-SIP revenues.
Adjusted gross margin rate improved 390 bps Y/Y to 67.1; adjusted operating margin rate expanded 920 bps to 23.7%.
Technically, needs to break the upper line above. Let's hope for a positive trend from now.
Currently inside the...
Nice low beta, decent fundamentals, and solid bullish trend continuation from March lows. This stock should have a nice run up before Earnings . Buy the hype, sell the fact
Personal opinion + TA = not investment advice best of luck!
AUDC looks like it is making its way to a daily demand zone. Looking at the higher time frames, there is no demand/supply zone in control. There is a major a resistance level around the 55's. AUDC did gap down about 15% today , so I expect a small rally tomorrow before it begins to make its way to the demand zone.
$AUDC had a lot of buyers and worth to watch for a breakout.
12 months Consensus Price Target: $36.67
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Idea to buy NASDAQ:AUDC at 35.5$ per share after the price drop down to 35$ .
The price reach the 100MA line(purple) and Fibonacci 50% . This is the time to buy when the stochastic is "Oversold" at 1H chart. Prepare to take profit at 42$ not in one shot, but in two or three levels.
Looking at the year 2020. I had a difficult finding a handful of stocks that meet my requirements. In the search, I found one company called Audiocodes (stock symbol: AUDC). Fundamentally, this is a healthy company that I like. It not only specializes in VOIP, data networking products and appliances; but, they also have a good balance sheet, a stable growth rate...