AUDC trade ideas
$AUDC - Reports Q3 revenue growth of 10%AudioCodes (NASDAQ:AUDC) reports Q3 revenue growth of 10%, on the back of 19.9% increase in services revenue and +20% in UC-SIP revenues.
Adjusted gross margin rate improved 390 bps Y/Y to 67.1; adjusted operating margin rate expanded 920 bps to 23.7%.
Technically, needs to break the upper line above. Let's hope for a positive trend from now.
Currently inside the triangle.
Not for any advise
Just an Idea,
AUDC - Supply and DemandAUDC looks like it is making its way to a daily demand zone. Looking at the higher time frames, there is no demand/supply zone in control. There is a major a resistance level around the 55's. AUDC did gap down about 15% today , so I expect a small rally tomorrow before it begins to make its way to the demand zone.
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BREAKOUT CUP AND HIGH VOLUM BUY AUDC 43.01$The star Wednesday was AudioCodes (AUDC), which soared over 10% for Wednesday, shooting past a 40.16 entry in heavy volume. Based in Israel, AudioCodes designs advanced voice-over-IP (VoIP) products and apps. It earns the highest-possible 99 Composite Rating, tying it for top honors with ServiceNow, DocuSign (DOCU), Coupa Software (COUP), and Dynatrace (DT) in the enterprise software industry
Finviz
1% CAPITAL
AUDC Short Term OutlookAudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of advanced communications software, products and productivity solutions for the digital workplace.
AudioCodes enables enterprises and service providers to build and operate all-IP voice networks for unified communications, contact centers, and hosted business services.
Market cap ₪3.5B, Capital ₪345M, Debt ₪300M, Predicted profit 2020 ₪23M.
Looking good in terms of price action, good place to be on a world pandemic, but PE ratio is high, so need to watch out.
Near term - if descending wedge is broken upwards, that may be a good place to enter.
AUDC LONG 42$ Target Idea to buy NASDAQ:AUDC at 35.5$ per share after the price drop down to 35$ .
The price reach the 100MA line(purple) and Fibonacci 50% . This is the time to buy when the stochastic is "Oversold" at 1H chart. Prepare to take profit at 42$ not in one shot, but in two or three levels.
AUDC: Technical and Fundamental Investment for 2020Looking at the year 2020. I had a difficult finding a handful of stocks that meet my requirements. In the search, I found one company called Audiocodes (stock symbol: AUDC). Fundamentally, this is a healthy company that I like. It not only specializes in VOIP, data networking products and appliances; but, they also have a good balance sheet, a stable growth rate and not too overcrowded. Technically, this company's stock is experiences a long, stable, uptrend.
Today, February 3, 2020 (New York Time), The there is a unique VPA set-up that I like; a U1x. The recent pullback in this company is due to the coronavirus scare and systematic risks of the market itself, but nothing internal. Market participants are not entering this stock because they too may see its value. I have entered into this stock and a new position in it. It is a long-term investment.
Projected price goals for the next two years are 42 and 76.
AUDC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.