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AudioCodes Ltd.

AUDC NASDAQ Categories PDF
Technology · Communication Equipment · Israel · Updated May 11, 1:56pm
$8.59
Price
$222.2M
Market Cap
946
Employees
0.96
Beta
Shabtai Adlersberg
CEO
Business Description

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace. The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and service provider business. 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 provides AudioCodes Live for Microsoft Teams, a portfolio of managed services for simplifying Teams adoption; appliances for Microsoft Skype/Teams for Business such as survivable branch appliances, CCE, and CloudBond 365; and a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. Further, the company offers managed services; and AudioCodes Live Cloud, a Microsoft Teams software as a service solution that enables service providers to offer their business customers a seamless migration to Microsoft Teams. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, and systems integrators and distributors in the telecommunications and networking industries. The company primarily operates in the Americas, Europe, the Far East, and Israel. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.

Business History
Price Overview
Last updated: May 11, 2026 1:56pm (just now)
$8.59
+0.17 (+1.96%)
Day Range
$8.36 – $8.60
52-Week Range
$6.95 – $11.50
50-Day MA
$8.62
200-Day MA
$8.96
Volume
4,178.00
Analyst Price Targets
Low $14.00
Consensus $19.00
High $24.00
(3 analysts)
Share Structure
Outstanding 25,887,104.00
Float 15,929,888.00
Free Float 61.5%
Normal free float — 61.5% of shares trade freely, ~38.5% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
32.97
Stock Price: $8.59
EPS (Diluted): 0.31
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.47
Stock Price: $8.59
Total Equity: $171.30M
Shares: 28,984,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
12.01
Market Cap: $222.24M
Total Debt: $37.98M
Cash: $45.52M
EBITDA: $18.27M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$276.0M
Market Cap: $222.24M
Total Debt: $37.98M
Cash: $45.52M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
65.0%
Gross Profit: $159.63M
Revenue: $245.60M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
5.7%
Operating Income: $14.04M
Revenue: $245.60M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
3.6%
Net Income: $8.96M
Revenue: $245.60M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
4.0%
Net Income: $8.96M
Total Equity: $171.30M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
3.7%
Operating Income: $14.04M
Tax Rate: 34.0%
Equity: $171.30M
Total Debt: $37.98M
Cash: $45.52M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.21
Current Assets: $180.30M
Current Liabilities: $81.72M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.22
Short-Term Debt: $6.64M
Long-Term Debt: $31.35M
Total Debt: $37.98M
Total Equity: $171.30M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$8.47
Revenue: $245.60M
Shares: 28,984,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$5.91
Total Equity: $171.30M
Shares: 28,984,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.79
Operating CF: $29.36M
CapEx: -$6.47M
Shares: 28,984,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
4.3%
Last Dividend: N/A
Stock Price: $8.59
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $8.96M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares AUDC against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $248.9M $275.1M $244.4M $242.2M $245.6M
Cost of Revenue $78.0M $96.3M $86.0M $84.0M $86.0M
Gross Profit $170.9M $178.8M $158.3M $158.2M $159.6M
Operating Expenses $131.4M $147.5M $143.9M $141.0M $145.6M
Operating Income $39.5M $31.3M $14.4M $17.2M $14.0M
Net Income $33.8M $28.5M $8.8M $15.3M $9.0M
EBITDA $44.3M $39.4M $18.5M $21.1M $18.3M
EPS $1.03 $0.89 $0.28 $0.51 $0.31
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $79.4M $24.5M $30.8M $58.7M $45.5M
Total Current Assets $167.6M $149.9M $142.7M $162.9M $180.3M
Total Assets $349.4M $323.8M $337.5M $335.9M $323.2M
Current Liabilities $95.9M $94.5M $84.2M $77.8M $81.7M
Long-Term Debt $0 $0 $0 $0 $31.3M
Total Liabilities $143.9M $134.1M $149.4M $144.1M $151.9M
Total Equity $205.5M $189.8M $188.1M $191.8M $171.3M
Retained Earnings $6.5M $23.4M $20.8M $25.2M $0
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $47.3M $8.3M $14.9M $35.3M $29.4M
Capital Expenditure -$1.2M -$1.5M -$6.0M -$24.3M -$6.5M
Free Cash Flow $46.2M $6.8M $8.9M $11.0M $22.9M
Acquisitions (net) -$2.8M -$1.1M -$25.9M $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$41.9M -$38.1M -$18.3M -$14.3M -$30.6M
Net Change in Cash $38.5M -$60.0M $6.0M $28.2M -$13.5M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $242.2M
$242.2M – $242.2M
 $245.0M
$245.0M – $245.0M
 $251.6M
$251.6M – $251.6M
 $261.3M
$261.3M – $261.3M
EBITDA $27.0M
$27.0M – $27.0M
 $27.4M
$27.4M – $27.4M
 $28.1M
$28.1M – $28.1M
 $29.2M
$29.2M – $29.2M
Net Income $20.8M
$20.8M – $20.8M
 $18.0M
$18.0M – $18.0M
 $17.7M
$17.7M – $17.7M
 $18.3M
$18.3M – $18.3M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +10.5% -11.2% -0.9% +1.4%
Gross Profit Growth +4.6% -11.4% -0.1% +0.9%
Operating Income Growth -20.8% -53.9% +19.2% -18.3%
Net Income Growth -15.7% -69.2% +74.4% -41.5%
EBITDA Growth -11.2% -52.9% +13.7% -13.3%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-08 Aldema Lior S-Sale 2,813.00 $8.34 $23,459
2026-05-08 Baruch Niran S-Sale 1,875.00 $8.34 $15,642
2026-05-05 Baruch Niran S-Sale 1,875.00 $8.57 $16,063
2026-05-06 Baruch Niran S-Sale 1,875.00 $8.52 $15,977
2026-05-05 Aldema Lior S-Sale 2,813.00 $8.56 $24,080
2026-05-06 Aldema Lior S-Sale 2,813.00 $8.53 $23,989
2026-05-04 Baruch Niran A-Award 30,000.00 $0.00 $0
2026-05-04 Aldema Lior A-Award 45,000.00 $0.00 $0
2026-04-28 Baruch Niran S-Sale 1,875.00 $8.71 $16,330
2026-04-28 Aldema Lior S-Sale 2,813.00 $8.71 $24,502
2026-03-17 Birenbaum Shira 0.00 $0.00 $0
2026-03-17 Birenbaum Shira 0.00 $0.00 $0
2026-03-17 Birenbaum Shira 0.00 $0.00 $0
2026-03-16 ADLERSBERG SHABTAI 0.00 $0.00 $0
2026-03-16 ADLERSBERG SHABTAI 0.00 $0.00 $0
2026-03-16 ADLERSBERG SHABTAI 0.00 $0.00 $0
2026-03-16 ADLERSBERG SHABTAI 0.00 $0.00 $0
2026-03-16 ADLERSBERG SHABTAI 0.00 $0.00 $0
2019-09-14 ADLERSBERG SHABTAI 15,000.00 $15.93 $238,950
2026-03-11 STERN STANLEY 0.00 $0.00 $0
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-02-20 $0.20 2026-02-03 2026-02-20 2026-03-06
2025-08-14 $0.20 2025-07-29 2025-08-14 2025-08-28
2025-02-20 $0.18 2025-02-04 2025-02-20 2025-03-06
2024-02-16 $0.18 2024-02-06 2024-02-20 2024-03-06
2023-08-16 $0.14 2023-08-01 2023-08-17 2023-08-31
2023-02-17 $0.18 2023-02-07 2023-02-21 2023-03-07
2022-08-16 $0.18 2022-08-02 2022-08-17 2022-08-31
2022-02-14 $0.18 2022-02-01 2022-02-15 2022-03-01
2021-08-10 $0.17 2021-07-27 2021-08-11 2021-08-26
2021-02-17 $0.16 2021-02-04 2021-02-18 2021-03-04
2020-08-14 $0.14 2020-08-05 2020-08-17 2020-09-01
2020-02-14 $0.13 2020-02-04 2020-02-18 2020-03-04
2019-08-16 $0.12 2019-08-06 2019-08-19 2019-09-03
2019-02-06 $0.11 2019-01-28 2019-02-07 2019-02-19
2018-08-03 $0.20 2018-07-24 2018-08-06 2018-08-20
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27