- AudioCodes (AUDC +8.7%) is soaring after beating Q2 estimates and guiding on its CC for 2013 revenue of $135M-$137M and EPS of $0.12-$0.15 (mostly above a consensus of $135M and $0.12).
- Whereas VoIP infrastructure hardware/software rival Sonus (SONS -6.2%) is giving back some of its big 2013 gains in spite of beating estimates, issuing strong guidance, and announcing a $100M buyback. Concerns about the departures of Sonus' CFO and services chief could be weighing.
- Two other possible issues: Analysts questioned Sonus on its CC about a relatively high services revenue mix, and the company mentioned Q2 book-to-bill was slightly below 1.
- SA contributor Josh Franklin, who has been bullish on AudioCodes for some time, notes the company is seeing strong demand for products used in Microsoft Lync deployments, and predicts institutional ownership is set to grow.
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