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AudioCodes jumps post-earnings; BroadSoft strikes deal with Sprint

Jan. 29, 2014 11:32 AM ETAudioCodes Ltd. (AUDC) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • AudioCodes (NASDAQ:AUDC +11%) is shooting higher after posting roughly in-line Q4 results and issuing solid guidance on its CC (webcast). The VoIP hardware/software provider expects 2014 revenue of $148M-$152M and EPS of $0.18-$0.22; the sole analyst covering the company has been forecasting revenue of $148.6M and EPS of $0.20.
  • Peer BroadSoft (BSFT +6.3%) is also rallying, thanks in part to a deal with Sprint. Sprint plans to use BroadSoft's BroadWorks VoIP app server/platform to offer unified communications services to its mobile users. The deployment comes ahead of Sprint's launch of VoLTE 4G voice services.
  • BroadSoft's Q4 results are due on Feb. 28.

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