Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

AudioCodes May Need A Breather, But The Company's Making Progress

For all of the companies that talk about restructuring and refocusing and go nowhere with it, some do turn a corner and start delivering improved financials. I think AudioCodes (NASDAQ:AUDC) belongs in that second box, as the company's efforts to refocus itself around enterprise VoIP, and Microsoft's (NASDAQ:MSFT) Lync in particular, have already started to pay dividends.

The shares are already up more than 250% from last year and well off the sub-$1.50 lows. Even so, the company still has low institutional ownership and minimal sell-side support. As I believe that smaller enterprises will start pushing money-saving SIP trunking and unified communications up the list of spending priorities, I think AudioCodes has a good market...

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