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AUDC Unveils AI Native Solution for Hybrid Work Setup: Stock to Gain?
ZACKS· 2025-01-14 19:06
Group 1: Company Overview - AudioCodes Ltd. (AUDC) has launched the Intelligent Meeting Room solution, leveraging generative AI to enhance hybrid meeting experiences [1] - The solution addresses challenges faced by organizations in hybrid work setups, such as audio-video issues and connectivity disruptions, which can hinder collaboration [2] Group 2: Product Features - The AI-powered solution includes conversational AI-generated meeting summarization, replacing manual note-taking and allowing participants to focus on discussions [3] - It integrates AUDC's RXV series devices and cameras with Visual AI capabilities for face detection, speaker tracking, and multi-streaming, enhancing engagement for all participants [4] Group 3: Market Position and Trends - The demand for communication solutions tailored to digital workplaces is increasing due to the popularity of hybrid work setups post-pandemic, positioning AudioCodes favorably in the market [5] - Despite the positive market trend, AUDC's shares have declined by 9.6% over the past year, contrasting with the industry's growth of 67.2% [6]
AudioCodes (AUDC) Soars 6.8%: Is Further Upside Left in the Stock?
ZACKS· 2025-01-14 14:05
AudioCodes (AUDC) shares ended the last trading session 6.8% higher at $10.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.6% gain over the past four weeks.AudioCodes is placing strong emphasis on integrating generative AI capabilities across its product suite. The company recently introduced an AI-native intelligent meeting room solution designed to enhance hybrid meeting experience for enterprises across in ...
AudioCodes Unveils AI-First Intelligent Meeting Room
Prnewswire· 2025-01-13 14:00
AI-powered meeting summaries and smart video enhance collaboration and overall organizational productivity OR YEHUDA, Israel, Jan. 13, 2025 /PRNewswire/ -- Highlights AudioCodes Intelligent Meeting Room leverages cutting-edge AI technology to enhance in-person and remote participants' experience while increasing productivity through automated meeting summaries. Generative AI integrated with AudioCodes' meeting room devices automatically creates and shares meeting summaries, freeing up in-room participants ...
AudioCodes Announces Fourth Quarter and Full Year 2024 Reporting Date
Prnewswire· 2025-01-06 14:00
OR YEHUDA, Israel, Jan. 6, 2025 /PRNewswire/ --  AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that it will release financial results for its Fourth Quarter and Full Year 2024 on Tuesday, February 4, 2025, before the market open on NASDAQ, reflecting the quarterly period ended December 31, 2024. AudioCodes' financial results will be released over the news wires and will also be posted on its cor ...
AudioCodes(AUDC) - 2024 Q3 - Earnings Call Transcript
2024-11-06 16:32
AudioCodes Ltd. (NASDAQ:AUDC) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Roger Chuchen - Vice President, Investor Relations Shabtai Adlersberg - President and Chief Executive Officer Niran Baruch - Vice President of Finance and Chief Financial Officer Conference Call Participants Ryan Koontz - Needham & Company Billy Fitzsimmons - Jefferies Operator Greetings. Welcome to the AudioCodes Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a ...
AudioCodes(AUDC) - 2024 Q3 - Quarterly Report
2024-11-06 14:02
Exhibit 1 AudioCodes Press Release | --- | --- | |-----------------------------------------------|------------------------------| | | | | P R E S S R E L E A S E | | | Company Contacts | | | Niran Baruch, | Roger L. Chuchen, | | Chief Financial Officer | VP, Investor Relations | | AudioCodes | AudioCodes | | Tel: +972-3-976-4000 | Tel: 732-764-2552 | | niran.baruch@audiocodes.com | roger.chuchen@audiocodes.com | AudioCodes Reports Third Quarter 2024 Results Or Yehuda, Israel – November 6, 2024 - AudioCodes ...
AudioCodes (AUDC) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-11-06 13:06
AudioCodes (AUDC) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36%. A quarter ago, it was expected that this communication components company would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last four quarters, the ...
AudioCodes Reports Third Quarter 2024 Results
Prnewswire· 2024-11-06 07:00
OR YEHUDA, Israel, Nov. 6, 2024 /PRNewswire/ -- Third Quarter Highlights Quarterly revenues decreased by 2.2% year-over-year to $60.2 million; Quarterly service revenues increased by 6.4% year-over-year to $32.5 million; GAAP results:- Quarterly GAAP gross margin was 65.2%;- Quarterly GAAP operating margin was 8.1%;- Quarterly GAAP EBITDA was $5.9 million;- Quarterly GAAP net income was $2.7 million, or $0.09 per diluted share.  Non-GAAP results:- Quarterly Non-GAAP gross margin was 65.6%;- Quarterly Non-GA ...
AudioCodes Meeting Insights Now Supports Zoom Meetings
Prnewswire· 2024-10-28 13:00
Meeting Insights' support for Microsoft Teams and Zoom unifies recap across UCaaS platforms and empowers enterprise-wide centralized collaboration OR YEHUDA, Israel, Oct. 28, 2024 /PRNewswire/ -- Highlights: Meeting Insights expands support to Zoom meetings, in addition to Microsoft Teams, providing a unified meeting intelligence solution across unified communications as a service (UCaaS) platforms. By supporting both Microsoft Teams and Zoom, Meeting Insights enables organizations to centralize insights fr ...
AudioCodes Announces Third Quarter 2024 Reporting Date
Prnewswire· 2024-10-07 13:00
Core Viewpoint - AudioCodes is set to release its financial results for the third quarter of 2024 on November 6, 2024, before the market opens on NASDAQ, covering the period ended September 30, 2024 [1] Group 1: Financial Results Announcement - The financial results will be disseminated via news wires and posted on the corporate website [1] - A conference call to discuss the results will take place on November 6, 2024, at 8:30 a.m. Eastern Time, hosted by the President and CEO, Shabtai Adlersberg, and the CFO, Niran Baruch [1] Group 2: Investor Participation - Investors can listen to the call live by dialing specific numbers or via webcast on the AudioCodes investor website [2] - A replay of the call will be available on the investor website approximately two hours after the conference call concludes [2] Group 3: Company Overview - AudioCodes is a leading vendor of advanced communications software and products for the digital workplace, enabling enterprises to build and operate all-IP voice networks [4] - The company offers a wide range of innovative products and services used by large multinational enterprises and tier-1 operators globally [4]