Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.074 (vs US$0.14 in 1Q 2025) First quarter 2026 results: EPS: US$0.074 (down from US$0.14 in 1Q 2025). Revenue: US$62.1m (up 2.9% from 1Q 2025). Net income: US$1.95m (down 51% from 1Q 2025). Profit margin: 3.1% (down from 6.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (127% payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Duyuru • Apr 06
AudioCodes Ltd. to Report Q1, 2026 Results on May 05, 2026 AudioCodes Ltd. announced that they will report Q1, 2026 results Pre-Market on May 05, 2026 Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: US$0.31 (vs US$0.51 in FY 2024) Full year 2025 results: EPS: US$0.31 (down from US$0.51 in FY 2024). Revenue: US$245.6m (up 1.4% from FY 2024). Net income: US$8.96m (down 42% from FY 2024). Profit margin: 3.6% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Board Change • Mar 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Director Itay Makov was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 05
Final dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 20th February 2026 Payment date: 6th March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: US$0.31 (vs US$0.51 in FY 2024) Full year 2025 results: EPS: US$0.31 (down from US$0.51 in FY 2024). Revenue: US$245.6m (up 1.4% from FY 2024). Net income: US$8.96m (down 42% from FY 2024). Profit margin: 3.6% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪22.74, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 36x in the Communications industry in Asia. Total loss to shareholders of 60% over the past three years. Duyuru • Jan 06
AudioCodes Ltd. to Report Q4, 2025 Results on Feb 03, 2026 AudioCodes Ltd. announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026 Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: US$0.097 (vs US$0.089 in 3Q 2024) Third quarter 2025 results: EPS: US$0.097 (up from US$0.089 in 3Q 2024). Revenue: US$61.5m (up 2.2% from 3Q 2024). Net income: US$2.73m (up 2.0% from 3Q 2024). Profit margin: 4.4% (in line with 3Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 05
AudioCodes Ltd. (NasdaqGS:AUDC) announces an Equity Buyback for $25 million worth of its shares. AudioCodes Ltd. (NasdaqGS:AUDC) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The program will continue through April 28, 2026. Duyuru • Oct 13
AudioCodes Ltd. to Report Q3, 2025 Results on Nov 04, 2025 AudioCodes Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025 Duyuru • Sep 17
AudioCodes Ltd. Expands Voice CPaaS Offering with AI Agents AudioCodes Ltd. announced AI Agents, a new module for the company's Live Hub Voice CPaaS. The addition enables enterprises to build, integrate and run LLM-powered voice bots on the telephony and customer-engagement systems they already use, helping reduce cost-to-serve, scale elastically and deliver consistent, 24/7 customer experiences. Contact centers worldwide continue to face rising costs, staffing constraints and higher customer expectations. Voice AI is reshaping the unit economics of customer support by automating routine calls, offering instant multilingual service and augmenting live agents in real time to improve customer satisfaction and time-to-resolution. Live Hub brings these advantages to life in a single, self-service cloud platform, consolidating Conversational IVR, Voice AI Agents, Live-Agent Assist and real-time translation. Duyuru • Aug 13
AudioCodes Ltd., Annual General Meeting, Sep 16, 2025 AudioCodes Ltd., Annual General Meeting, Sep 16, 2025. Location: 6 ofra haza street, naimi park, or yehuda, Israel Declared Dividend • Jul 31
First half dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 14th August 2025 Payment date: 28th August 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 88% over the next year. Since a fall of 9.2% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Duyuru • Jul 30
AudioCodes Ltd. (NasdaqGS:AUDC) announces an Equity Buyback for $20 million worth of its shares. AudioCodes Ltd. (NasdaqGS:AUDC) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares. The program will continue through December 30, 2025. Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: US$0.011 (vs US$0.12 in 2Q 2024) Second quarter 2025 results: EPS: US$0.011 (down from US$0.12 in 2Q 2024). Revenue: US$61.1m (up 1.3% from 2Q 2024). Net income: US$306.0k (down 92% from 2Q 2024). Profit margin: 0.5% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 23% per year. Duyuru • Jul 29
AudioCodes Ltd. Declares Semi-Annual Cash Dividend, Payable on August 28, 2025 AudioCodes Ltd. announced that the company's Board of Directors has declared a Semi-Annual cash dividend in the amount of 20 cents per share. The aggregate amount of the dividend is approximately $5.7 million. The dividend is payable on August 28, 2025, to all of the company's shareholders of record at the close of trading on the NASDAQ Global Select Market on August 14, 2025. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪36.00, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 32x in the Communications industry in Asia. Total loss to shareholders of 52% over the past three years. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Duyuru • Jul 07
AudioCodes Ltd. to Report Q2, 2025 Results on Jul 29, 2025 AudioCodes Ltd. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025 Duyuru • Jun 18
AudioCodes Now Certified for Webex Calling Voice Services AudioCodes Ltd. announced that it has achieved multiple certifications for Cloud Connect for Webex Calling, enabling service providers and partners to offer reliable Webex Calling services to their customers. AudioCodes' solutions for Webex Calling are powered by the AudioCodes Live Platform, a white-label, multi-tenant SaaS offering that enables service providers and partners to simplify the delivery of cloud-based voice services, and are underpinned by AudioCodes' global market leadership in session border controller (SBC) technology which ensures reliable, scalable and secure voice connectivity. AudioCodes has achieved multiple certifications for cloud Connect for Webex Calling enabling service providers and partners to offering reliable Webex Calling services, including Enablement Provider for Webex Calling, Certified Calling Provider for Webex Calling and Certified Mobile Calling Provider for Webex Go.
As a Certified Enablement Provider, AudioCodes enables service providers to accelerate the process of becoming Certified Calling Providers, without the need for major investments in voice infrastructure. As a Certified Calling Provider for Webex Calling, AudioCodes offers secure and resilient Cloud Connect PSTN connectivity for Webex Calling customers. AudioCodes is also a Certified Mobile Calling Provider for Webex Go through its Mobile Connect solution that delivers seamless integration of mobile devices with customers' Webex Calling environment. AudioCodes' solutions for Webex Calling are powered by the AudioCodes Live Platform, a white-label, multi-tenant SaaS offering that enables service providers and partners to deliver cloud-based voice services. Live Platform leverages AudioCodes' global market leadership in session border controller (SBC) technology to ensure reliable, scalable and secure voice connectivity. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.14 (vs US$0.069 in 1Q 2024) First quarter 2025 results: EPS: US$0.14 (up from US$0.069 in 1Q 2024). Revenue: US$60.4m (flat on 1Q 2024). Net income: US$4.02m (up 93% from 1Q 2024). Profit margin: 6.7% (up from 3.5% in 1Q 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Duyuru • Apr 28
AudioCodes Introduces Meeting Insights On-Prem for Security Sensitive Environments AudioCodes announced the launch of Meeting Insights On-Prem, an AI-powered enterprise software solution designed to transform how organizations document and derive insights from meetings in a centralized and searchable platform, ensuring that the data remains within their infrastructure. Deployed on local servers, the solution ensures full compliance with strict organizational security standards, privacy policies and regulatory frameworks. Advanced generative AI offers automatic transcription, summarization, and actionable insights, improving meeting efficiency and accuracy. Built-in tools allow for real-time editing, proofing, and documentation workflows, which assist teams in achieving high transcription accuracy and productivity. Integrates smoothly with telephony systems and contact centers from leading vendors in the UC and CX markets. Details: Meeting Insights On-Prem extends AudioCodes' legacy of reliable and innovative voice services, trusted by Fortune 100 companies for over 30 years. As part of the AudioCodes Meeting Insights family, Meeting Insights On-Prem empowers organizations to capture, organize and secure every critical detail of their meetings in a centralized, searchable platform--without relying on cloud services. AudioCodes Meeting Insights On-Prem includes a flexible task management application that streamlines post-meeting activities, enabling automatic distribution of meetingummaries and insights, as well as easy assignment and tracking of tasks. The solution supports meetings involving remote participants connected via telephony channels. Using AudioCodes' field-proven voice connectivity technology, Meeting Insights On- Prem offers seamless integration with telephony systems and contact center from leading vendors in the UC & CX markets. Furthermore, the solution can be deployed alongside AudioCodes' Interaction Insights call recording solution to ensure that all phone conversations are recorded and stored in compliance with regulatory requirements. Trusted by global Fortune 500 companies and tier-1 operators worldwide, AudioCodes drives digital transformation through seamless integration, enhanced collaboration, and unparalleled communication experiences. Duyuru • Apr 07
AudioCodes Ltd. to Report Q1, 2025 Results on May 06, 2025 AudioCodes Ltd. announced that they will report Q1, 2025 results Pre-Market on May 06, 2025 Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Shai Levy was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 01
AudioCodes Announces Board Changes AudioCodes Ltd. announced that the Board of Directors approved Mr. Stanley Stern's request to step down from his role as Chairman of the Board of Directors and to continue with his role as an independent director of the Company. Mr. Doron Nevo, an existing independent director of the Company, was elected by the Board to serve as the new Chairman of the Board commencing April 1, 2025. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: US$0.51 (vs US$0.28 in FY 2023) Full year 2024 results: EPS: US$0.51 (up from US$0.28 in FY 2023). Revenue: US$242.2m (flat on FY 2023). Net income: US$15.3m (up 74% from FY 2023). Profit margin: 6.3% (up from 3.6% in FY 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Duyuru • Mar 18
AudioCodes Meeting Insights Extends Offering with CRM Connectivity and Enhanced Mobile Operation AudioCodes announced the addition of new major capabilities into its acclaimed Meeting Insights solution. These enhancements include integration with leading CRM systems such as Salesforce and Dynamics 365, and the release of a new mobile application client that facilitates capturing and summarization of meeting information during face-to-face interactions. These strategic advancements aim to address the challenges organizations encounter in effectively capturing and utilizing customer interaction data across various communication channels. By automatically capturing and analyzing meetings content and streamlining updates to CRM records, Meeting Insights enhances CRM data with rich meeting context and insights. The AI-powered integration ensures that CRM updates are based on actual meeting content and conversations rather than relying solely on manual notes that may be incomplete or reflect individual interpretations. As a result, teams can spend more time driving value, accelerating sales cycles and improving customer satisfaction, ultimately enhancing overall business productivity and growth. The CRM integration with Salesforce and Dynamics 365, as well as the new mobile application, are being made available to selected customers initially. Integration with the Salesforce CRM and the mobile app will be generally available at the beginning of Second Quarter 2025. Please visit the Meeting Insights webpage or contact your AudioCodes representative for more information. Duyuru • Mar 12
AudioCodes Expands its Live Offering with AI-Powered Value-Added Services AudioCodes announced that it is expanding the AudioCodes Live offering with a suite of AI-powered value-added services. Delivered securely and efficiently from the cloud, the new applications are designed to modernize both customer experience (CX) and employee experience (EX) within enterprises. They complement AudioCodes Live's globally deployed certified voice calling services for Microsoft Teams, Webex by Cisco and Zoom Phone customers, as well as its cloud voice migration services for enterprise contact center platforms such as Genesys Cloud. Live Platform helps service providers and channel partners accelerate customer onboarding, save costs and significantly reduce time to revenue. The services are delivered on a per user, per month subscription basis, helping to reduce total cost of ownership (TCO). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₪44.47, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 30x in the Communications industry in Asia. Total loss to shareholders of 48% over the past three years. Declared Dividend • Feb 08
Final dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 20th February 2025 Payment date: 6th March 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: US$0.51 (vs US$0.28 in FY 2023) Full year 2024 results: EPS: US$0.51 (up from US$0.28 in FY 2023). Revenue: US$242.2m (flat on FY 2023). Net income: US$15.3m (up 74% from FY 2023). Profit margin: 6.3% (up from 3.6% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Duyuru • Jan 13
AudioCodes Unveils AI-First Intelligent Meeting Room AudioCodes announced the launch of the AudioCodesIntelligent Meeting Room, an innovative solution that leverages artificial intelligence (AI) technology to transform the hybrid meeting experience. The solution integrates cutting-edge conversational AI-generated meeting summarization and intelligent video capabilities into AudioCodes' RXV series of meeting room devices to boost hybrid meeting productivity and ensure an immersive experience for all participants, whether they are located on-site or remotely. The Intelligent Meeting Room's automatic summarization uses generative AI integrated with AudioCodes' room devices to create and share summaries, enabling in-room participants to focus on the ongoing discussions rather than on manual note-taking. This capability is activated easily with a click via the RX-PAD meeting controller console. Powered by Meeting Insights, AudioCodes' technology, this functionality transforms online meeting content into a valuable corporate knowledge repository. The cutting-edge portfolio includes cloud-native applications, advanced voice AI technologies, and comprehensive communication solutions tailored for the modern digital workplace. Trusted by global Fortune 500 companies and tier-1 operators worldwide, AudioCodes drives digital transformation through seamless integration, enhanced collaboration, and unparalleled communication experiences. Duyuru • Jan 06
AudioCodes Ltd. to Report Q4, 2024 Results on Feb 04, 2025 AudioCodes Ltd. announced that they will report Q4, 2024 results Pre-Market on Feb 04, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.089 (vs US$0.14 in 3Q 2023) Third quarter 2024 results: EPS: US$0.089 (down from US$0.14 in 3Q 2023). Revenue: US$60.2m (down 2.2% from 3Q 2023). Net income: US$2.68m (down 37% from 3Q 2023). Profit margin: 4.4% (down from 6.9% in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪30.10, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 27x in the Communications industry in Asia. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪31.73 per share. Duyuru • Oct 29
AudioCodes Meeting Insights Now Supports Zoom Meetings AudioCodes announced that it has expanded its award-winning Meeting Insights solution to support Zoom meetings. This strategic enhancement addresses the challenges faced by organizations that rely on multiple UCaaS platforms like Microsoft Teams and Zoom to facilitate collaboration and derive insights from their meetings in today's dynamic digital workplace. The expansion of Meeting Insights to include Zoom support also tackles the issue of data silos that often hinder the ability to gain a holistic view of meeting content and trends across different unified communications platforms. As automated meeting solutions become the new standard, AudioCodes is proud to lead the revolution in how businesses extract value from their virtual interactions. The AI-powered Meeting Insights solution stands at the forefront of this transformation, offering a unified meeting intelligence platform that seamlessly integrates with existing workflows. By automatically joining meetings, managing schedules, and enhancing collaboration through advanced capture and analysis of crucial information, Meeting Insights is changing the game. Leveraging expertise in voice and conversational AI technologies, AudioCodes has created a solution that transforms virtual gatherings into reusable knowledge resources. This allows participants to focus on meaningful conversations while AI handles note-taking, summarization, and knowledge sharing. With Meeting Insights, AudioCodes is not just improving meetings; it is redesigning how organizations collaborate and innovate in the new digital workspace. Meeting Insights offers a comprehensive set of features and benefits, standing out with its expanded solution that provides a unified experience across platforms and delivers enterprise-wide value. Unified Meeting Repository: Centralize all meeting data from both Teams and Zoom in one secure, searchable location. Cross-Platform Consistency: Experience the same advanced AI-powered features such as transcription, summarization and action item tracking across both platforms. Flexible Integration: Easily add Meeting Insights to Zoom meetings through forwarded invitations or ad-hoc from the Meeting Insights portal. Enhanced AI Ecosystem Integration: Meeting Insights distributes both Zoom and Microsoft Teams meeting recaps via email, making them searchable and accessible by AI tools like Microsoft Copilot. This integration amplifies the value of meeting data, allowing organizations to leverage insights across their existing AI and business intelligence platforms. Enhanced Data Mining: Gain comprehensive insights into meeting patterns and productivity across your entire organization.
Enterprise-Grade Data Security: Benefit from robust features like data encryption at rest and in transit, role-based access control, data retention policies, audit trail of user activities, compliance with regulations such as GDPR, CPRA, CCPA, certified ISO 27001, ISO 27032, SOC2 Type II.
Availability: The Zoom-enabled version of Meeting Insights is available immediately for all existing and new customers. Duyuru • Oct 07
AudioCodes Ltd. to Report Q3, 2024 Results on Nov 06, 2024 AudioCodes Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Duyuru • Aug 15
AudioCodes Ltd., Annual General Meeting, Sep 17, 2024 AudioCodes Ltd., Annual General Meeting, Sep 17, 2024. Location: 6 ofra haza street, or yehuda, Israel Declared Dividend • Aug 03
First half dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 15th August 2024 Payment date: 29th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (304% cash payout ratio). The dividend has increased by an average of 10% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 56% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.033 in 2Q 2023) Second quarter 2024 results: EPS: US$0.12 (up from US$0.033 in 2Q 2023). Revenue: US$60.3m (flat on 2Q 2023). Net income: US$3.77m (up 258% from 2Q 2023). Profit margin: 6.3% (up from 1.8% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Duyuru • Jul 30
AudioCodes Ltd. Declares Cash Dividend, Payable on August 29, 2024 AudioCodes Ltd. announced that the Company's Board of Directors has declared a cash dividend in the amount of 18 cents per share. The aggregate amount of the dividend is approximately $5.5 million. The dividend is payable on August 29, 2024, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on August 15, 2024. Buy Or Sell Opportunity • Jul 01
Now 28% overvalued Over the last 90 days, the stock has fallen 17% to ₪39.19. The fair value is estimated to be ₪30.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 37%. Buy Or Sell Opportunity • Jun 23
Now 23% overvalued Over the last 90 days, the stock has fallen 23% to ₪37.47. The fair value is estimated to be ₪30.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 37%. Buy Or Sell Opportunity • Jun 07
Now 25% overvalued Over the last 90 days, the stock has fallen 24% to ₪37.42. The fair value is estimated to be ₪29.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 37%. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.069 (vs US$0.006 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.069 (up from US$0.006 loss in 1Q 2023). Revenue: US$60.1m (up 1.5% from 1Q 2023). Net income: US$2.08m (up US$2.27m from 1Q 2023). Profit margin: 3.5% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Duyuru • Apr 04
AudioCodes Ltd. to Report Q1, 2024 Results on May 07, 2024 AudioCodes Ltd. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0.28 (vs US$0.89 in FY 2022) Full year 2023 results: EPS: US$0.28 (down from US$0.89 in FY 2022). Revenue: US$244.4m (down 11% from FY 2022). Net income: US$8.78m (down 69% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 15
Now 23% undervalued Over the last 90 days, the stock has risen 6.7% to ₪46.90. The fair value is estimated to be ₪60.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Duyuru • Mar 13
AudioCodes Announces Voca Conversational Interaction Center Now Offers Omnichannel AudioCodes announced that Voca Conversational Interaction Center (Voca CIC) is now an omnichannel contact center for Microsoft Teams, adding email and webchat to the existing voice experience. Voca CIC is an AI-first Microsoft-certified contact center with an Azure-native integration for Microsoft Teams. With a lightweight design enabling rapid deployment and scalability, Voca CIC gives the trusted reliability of Microsoft Teams Phone, the speed to make visual drag-and-drop changes, the flexibility of a usage-based subscription model, and the power of conversational AI provided completely out of the box. Voca CIC easily scales CX capabilities to every Teams user across the company — for the main service desk or departments beyond the contact center. With the new omnichannel experience, Voca CIC offers the only agent status bar with individual channel-specific availability on the market. This gives contact center agents and supervisors flexibility to manage their availability across multiple digital channels and multitask based on changing demand or agent skills. The new channel-specific status bar allows Voca CIC to automatically push digital customer interactions to agents based on availability status by channel and maximum capacity, rather than have agents hand pick interactions out of a queue. By doing so, Voca CIC's omnichannel experience ensures digital interactions enjoy the same level of attention as voice interactions do. The new addition of omnichannel to Voca CIC further empowers AudioCodes Live, offering complete calling and contact center for Microsoft Teams. AudioCodes is the only managed service provider to deliver Microsoft Teams Phone enablement in combination with a native contact center solution — backed by the most extensive Microsoft-certified portfolio of products and services in the industry. Voca CIC is available as a 30-day free trial on the AudioCodes website, as a native app on the Microsoft Teams Store or Microsoft AppSource. Interested customers can build a conversational contact center flow in 5 minutes, along with a free phone number from AudioCodes for immediate evaluation. Buy Or Sell Opportunity • Feb 26
Now 21% undervalued Over the last 90 days, the stock has risen 14% to ₪48.01. The fair value is estimated to be ₪60.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.18 per share at 2.6% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 06 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Israeli dividend payers (7.2%). Higher than average of industry peers (1.5%). Declared Dividend • Feb 10
Final dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 20th February 2024 Payment date: 6th March 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 10% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 116% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: US$0.28 (vs US$0.89 in FY 2022) Full year 2023 results: EPS: US$0.28 (down from US$0.89 in FY 2022). Revenue: US$244.4m (down 11% from FY 2022). Net income: US$8.78m (down 69% from FY 2022). Profit margin: 3.6% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪51.10, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Communications industry in Asia. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪82.22 per share. Duyuru • Feb 06
AudioCodes Ltd. Declares Cash Dividend, Payable on March 6, 2024 AudioCodes Ltd. announced that the Company's Board of Directors has declared a cash dividend in the amount of 18 cents per share. The aggregate amount of the dividend is approximately $5.5 million. The dividend is payable on March 6, 2024, to all of the company's shareholders of record at the close of trading on the NASDAQ Global Select Market on February 20, 2024. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.14 (vs US$0.17 in 3Q 2022) Third quarter 2023 results: EPS: US$0.14 (down from US$0.17 in 3Q 2022). Revenue: US$61.6m (down 12% from 3Q 2022). Net income: US$4.25m (down 21% from 3Q 2022). Profit margin: 6.9% (down from 7.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 296% Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Duyuru • Oct 06
AudioCodes Ltd. to Report Q3, 2023 Results on Nov 02, 2023 AudioCodes Ltd. announced that they will report Q3, 2023 results at 8:30 AM, US Eastern Standard Time on Nov 02, 2023 Duyuru • Sep 20
AudioCodes Ltd., Annual General Meeting, Oct 24, 2023 AudioCodes Ltd., Annual General Meeting, Oct 24, 2023, at 14:00 Israel Standard Time. Location: 1 Hayarden Street, Airport City Lod 7019900, Israel Airport City Israel Agenda: To consider and elect Mr. Shai Levy as a Class I director; to reelect Mr. Joseph Tenne as a Class II director for an additional term of three years; to consider and re-elect Ms. Shira Fayans Birenbaum as a Class II director for an additional term of three years; to consider and approve amendments to the compensation policy for officers and directors of the Company in order to comply with the requirements of newly effected listing rules promulgated by The Nasdaq Stock Market LLC; to consider review and discuss the audited Consolidated Financial Statements of the Company for the year ended December 31, 2022 and to consider other matters. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.18 per share at 3.2% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 31 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.2%. Lower than top quartile of Israeli dividend payers (7.0%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.033 (vs US$0.22 in 2Q 2022) Second quarter 2023 results: EPS: US$0.033 (down from US$0.22 in 2Q 2022). Revenue: US$60.0m (down 12% from 2Q 2022). Net income: US$1.06m (down 85% from 2Q 2022). Profit margin: 1.8% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Duyuru • Aug 01
AudioCodes Ltd. Declares A Cash Dividend, Payable on August 31, 2023 AudioCodes announced that the Company's Board of Directors has declared a cash dividend in the amount of 18 cents per share. The aggregate amount of the dividend is approximately $5.7 million. The dividend is payable on August 31, 2023, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on August 17, 2023. Duyuru • Jul 06
AudioCodes Ltd. to Report Q2, 2023 Results on Aug 01, 2023 AudioCodes Ltd. announced that they will report Q2, 2023 results Pre-Market on Aug 01, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪30.65, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 20x in the Communications industry in Asia. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪54.79 per share. Reported Earnings • Apr 27
Full year 2022 earnings released Full year 2022 results: Revenue: US$275.1m (up 11% from FY 2021). Net income: US$28.5m (down 16% from FY 2021). Profit margin: 10% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₪40.96, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Communications industry in Asia. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪52.91 per share. Buying Opportunity • Apr 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be ₪59.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period. Buying Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₪70.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.18 per share at 2.1% yield Eligible shareholders must have bought the stock before 21 February 2023. Payment date: 07 March 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Israeli dividend payers (8.0%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$0.89 (vs US$1.03 in FY 2021) Full year 2022 results: EPS: US$0.89 (down from US$1.03 in FY 2021). Revenue: US$275.1m (up 11% from FY 2021). Net income: US$28.5m (down 16% from FY 2021). Profit margin: 10% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Feb 07
AudioCodes Ltd. Declares Semi-Annual Dividend, Payable on March 7, 2023 AudioCodes Ltd. announced that the Company's Board of Directors has declared a cash dividend in the amount of 18 cents per share. The aggregate amount of the dividend is approximately $5.7 million. The dividend is payable on March 7, 2023, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on February 21, 2023. Buying Opportunity • Feb 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be ₪83.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Duyuru • Jan 05
AudioCodes Ltd. to Report Q4, 2022 Results on Feb 07, 2023 AudioCodes Ltd. announced that they will report Q4, 2022 results on Feb 07, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Shira Birenbaum was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.25 in 3Q 2021) Third quarter 2022 results: EPS: US$0.17 (down from US$0.25 in 3Q 2021). Revenue: US$69.7m (up 10.0% from 3Q 2021). Net income: US$5.37m (down 35% from 3Q 2021). Profit margin: 7.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Israeli dividend payers (6.1%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$0.22 (vs US$0.25 in 2Q 2021) Second quarter 2022 results: EPS: US$0.22 (down from US$0.25 in 2Q 2021). Revenue: US$68.4m (up 13% from 2Q 2021). Net income: US$6.94m (down 16% from 2Q 2021). Profit margin: 10% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 27% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₪95.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Buying Opportunity • May 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₪97.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Reported Earnings • May 01
Full year 2021 earnings released: EPS: US$1.03 (vs US$0.87 in FY 2020) Full year 2021 results: EPS: US$1.03 (up from US$0.87 in FY 2020). Revenue: US$248.9m (up 13% from FY 2020). Net income: US$33.8m (up 24% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 28% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Director Shira Birenbaum was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 15 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Israeli dividend payers (5.1%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.03 (up from US$0.87 in FY 2020). Revenue: US$248.9m (up 13% from FY 2020). Net income: US$33.8m (up 24% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$0.25 (vs US$0.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$63.4m (up 12% from 3Q 2020). Net income: US$8.26m (up 19% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 33% per year. Reported Earnings • Sep 15
Second quarter 2021 earnings released: EPS US$0.25 (vs US$0.22 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$60.6m (up 13% from 2Q 2020). Net income: US$8.24m (up 24% from 2Q 2020). Profit margin: 14% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 40% per year. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 26 August 2021. Trailing yield: 1.1%. Lower than top quartile of Israeli dividend payers (5.0%). Higher than average of industry peers (0.9%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$0.25 (vs US$0.22 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$60.6m (up 13% from 2Q 2020). Net income: US$8.24m (up 24% from 2Q 2020). Profit margin: 14% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS US$0.30 (vs US$0.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$58.8m (up 13% from 1Q 2020). Net income: US$9.99m (up 90% from 1Q 2020). Profit margin: 17% (up from 10% in 1Q 2020). Upcoming Dividend • Feb 12
Upcoming Dividend of US$0.16 Per Share Will be paid on the 4th of March to those who are registered shareholders by the 18th of February. The trailing yield of 1.0% is below the top quartile of Israeli dividend payers (5.0%), but it is higher than industry peers (0.9%). Reported Earnings • Jan 27
Full year 2020 earnings released: EPS US$0.87 (vs US$0.14 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$220.8m (up 10% from FY 2019). Net income: US$27.2m (up US$23.3m from FY 2019). Profit margin: 12% (up from 2.0% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 27
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 10%, compared to a 36% growth forecast for the Communications industry in Israel. Is New 90 Day High Low • Jan 25
New 90-day high: ₪112 The company is up 6.0% from its price of ₪106 on 27 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₪82.61 per share. 
