AudioCodes Ltd. (AUDC) Reported Decent 2Q Earnings

Analyst Greg Mesniaeff of Drexel Hamilton reiterated his Hold rating on AudioCodes Ltd. (NASDAQ:AUDC). This came after AudioCodes reported decent second quarter earnings. Its gross margin was near-record 61.4% and its EPS was $0.06. The company also continues to buy back shares. It bought back another 400K this quarter totaling 7.4 million since it started this buyback program in 2014.

According to TipRanks, the analyst has a success rate of 100% with an average return of 42.9% per recommendation.

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