Seeking Alpha: 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 (AUDC) belongs in that second box, as the company's efforts to refocus itself around enterprise VoIP, and Microsoft's (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 opportunity ahead of it. While my base-case assumptions don't suggest huge cash flow-based upside at this point, I won't be that surprised to see AudioCodes outperform over the next few quarters and support even stronger long-term projections (and a higher fair value).

Please follow this link to read the full article:
AudioCodes May Need A Breather, But The Company's Making Progress