Technology · Communication Equipment
Price
$9.39
Market Cap
$239.0M
Employees
946
Beta
0.97
Avg Volume
111,859
CEO
Shabtai Adlersberg
Business Description
Founded in 1992 and headquartered in Lod, Israel, AudioCodes Ltd. is a prominent provider of sophisticated communication solutions for the contemporary digital workplace. The company offers a comprehensive portfolio encompassing software, hardware, and productivity tools, specifically designed for unified communications (UC), contact centers, its VoiceAI business segment, and service provider clientele. Its extensive product range includes core networking equipment such as session border controllers (SBCs), media gateways, VoIP network routing systems, multi-service business routers, and IP phones. Beyond physical devices, AudioCodes provides advanced management platforms like the One Voice Operations Center for voice network oversight, Device Manager for the administration of business phones and meeting room solutions, and AudioCodes Routing Manager for optimizing call routing in VoIP networks. For users of Microsoft's ecosystem, the company offers User Management Pack 365, which streamlines user lifecycle and identity management for Microsoft Teams and Skype for Business environments, alongside managed services such as AudioCodes Live for Microsoft Teams, and dedicated appliances (including survivable branch appliances, CCE, and CloudBond 365) to support these platforms. Furthermore, AudioCodes develops a variety of value-added voice applications, including SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. These offerings are complemented by professional and managed services, as well as AudioCodes Live Cloud – a Software-as-a-Service (SaaS) solution empowering service providers to facilitate a smooth migration to Microsoft Teams for their business customers. AudioCodes distributes its products globally, primarily utilizing a direct sales force and sales representatives. Its customer base includes original equipment manufacturers (OEMs), network equipment providers, and systems integrators and distributors within the telecommunications and networking sectors. The company maintains operations across the Americas, Europe, the Far East, and its native Israel.
Business History
Price Overview
Last updated: Jun 27, 2026 9:06am (just now)$9.39
+0.38 (+4.22%)
Day Range
$8.90 – $9.39
52-Week Range
$6.95 – $11.50
50-Day MA
$9.16
200-Day MA
$8.87
Volume
110,405.00
Analyst Price Targets
Low
$14.00
Consensus
$19.00
High
$24.00
(3 analysts)
Share Structure
Outstanding
25,453,614.00
Float
15,561,596.00
Free Float
61.1%
Normal free float
— 61.1% of shares trade freely, ~38.9% 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)
APIStock Price / EPS (Diluted)
36.06
Stock Price: $9.39
EPS (Diluted): 0.31
EPS (Diluted): 0.31
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.47
Stock Price: $9.39
Total Equity: $171.30M
Shares: 28,984,000
Total Equity: $171.30M
Shares: 28,984,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
13.13
Market Cap: $239.01M
Total Debt: $37.98M
Cash: $45.52M
EBITDA: $18.00M
Total Debt: $37.98M
Cash: $45.52M
EBITDA: $18.00M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$276.0M
Market Cap: $239.01M
Total Debt: $37.98M
Cash: $45.52M
Total Debt: $37.98M
Cash: $45.52M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
65.0%
Gross Profit: $159.63M
Revenue: $245.60M
Revenue: $245.60M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.7%
Operating Income: $14.04M
Revenue: $245.60M
Revenue: $245.60M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.6%
Net Income: $8.96M
Revenue: $245.60M
Revenue: $245.60M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
4.0%
Net Income: $8.96M
Total Equity: $171.30M
Total Equity: $171.30M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
3.7%
Operating Income: $14.04M
Tax Rate: 34.0%
Equity: $171.30M
Total Debt: $37.98M
Cash: $45.52M
Tax Rate: 34.0%
Equity: $171.30M
Total Debt: $37.98M
Cash: $45.52M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.21
Current Assets: $180.30M
Current Liabilities: $81.72M
Current Liabilities: $81.72M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.22
Short-Term Debt: $6.64M
Long-Term Debt: $31.35M
Total Debt: $37.98M
Total Equity: $171.30M
Long-Term Debt: $31.35M
Total Debt: $37.98M
Total Equity: $171.30M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$8.47
Revenue: $245.60M
Shares: 28,984,000
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
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: -$6.47M
Shares: 28,984,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.3%
Last Dividend: N/A
Stock Price: $9.39
Stock Price: $9.39
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $8.96M
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)
Last updated: Jun 20, 2026 10:33am (6d ago)| 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 | $19.3M | $18.0M |
| EPS | $1.03 | $0.89 | $0.28 | $0.51 | $0.31 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 20, 2026 10:33am (6d ago)| 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)
Last updated: Jun 20, 2026 10:33am (6d ago)| 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)
Last updated: Jun 27, 2026 12:15am (8h ago)| 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 |
$26.6M $26.6M – $26.6M
|
$26.9M $26.9M – $26.9M
|
$27.7M $27.7M – $27.7M
|
$28.7M $28.7M – $28.7M
|
| 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 %)
Last updated: Jun 20, 2026 10:33am (6d ago)| 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% | +4.0% | -6.6% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 6:47am (2h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| 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)
Last updated: Jun 20, 2026 10:33am (6d ago)| 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 |
| 2024-08-15 | $0.18 | 2024-07-30 | 2024-08-15 | 2024-08-29 |
| 2024-02-16 | $0.18 | 2024-02-06 | 2024-02-20 | 2024-03-06 |
| 2023-08-16 | $0.18 | 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 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for AUDC — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30