AudioCodes Ltd. (AUDC - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came after the company signed a distribution agreement with Microsoft for cloud connector edition. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.00 to $6.66 in the past one-month time frame.
The company has seen one positive estimate revision in the last 30 days, while its Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
AudioCodes carries a Zacks Rank #2 (Buy).
Another favorably placed stock in the same industry is ShoreTel, Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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