AUDIOCODES LTD
AUDC · Telephone & Telegraph Apparatus · EDGAR filings ↗
Reference price $8.34 — last insider sale, 2026-05-08 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C56VoIP/communications vendor with high gross margin but thin operating margins, slow growth, and falling earnings.
Strengths
- High gross margin — 65.0% (87th)
- Positive FCF, adequate liquidity — $22.9M, current ratio 2.22
Risks
- Thin operating margin — 5.7% (75th), net margin 3.6%
- Slow growth — +1.4% (12th)
- Earnings decline — -41.5%
Notable findings
- China exposure● We are subject to ongoing costs, limitations and risks associated with complying with a wide range of rapidly changing and evolving laws and regulations in multiple jurisdictions, including with res
- Insider sellingInsider selling — 8 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Quarterly revenue
Last 3 quarters · from SEC filings.
Key metrics
Gross margin
65.0%
Operating margin
5.7%
Net margin
3.6%
Return on equity
5.2%
Return on assets
2.8%
Revenue growth (QoQ)
3.5%
Net-income growth
-41.5%
Current ratio
2.2×
Free cash flow
$23M
Tangible book value
$134M
Cash & investments
$45M
Stock comp / revenue
2.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-08 | Aldema Lior | Sell | 2.8K | $8.34 |
| 2026-05-08 | Baruch Niran | Sell | 1.9K | $8.34 |
| 2026-05-06 | Aldema Lior | Sell | 2.8K | $8.53 |
| 2026-05-06 | Baruch Niran | Sell | 1.9K | $8.52 |
| 2026-05-05 | Aldema Lior | Sell | 2.8K | $8.56 |
| 2026-05-05 | Baruch Niran | Sell | 1.9K | $8.57 |
| 2026-05-04 | Baruch Niran | Grant | 30K | — |
| 2026-05-04 | Aldema Lior | Grant | 45K | — |
| 2026-04-28 | Baruch Niran | Sell | 1.9K | $8.71 |
| 2026-04-28 | Aldema Lior | Sell | 2.8K | $8.71 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-30 | 2025-12-31 | 0001185185-26-001124 ↗ |
| 20-F | 2025-03-26 | 2024-12-31 | 0001410578-25-000464 ↗ |
| 20-F | 2024-03-27 | 2023-12-31 | 0001410578-24-000314 ↗ |
| 20-F | 2023-04-24 | 2022-12-31 | 0001410578-23-000770 ↗ |
| 20-F | 2022-04-28 | 2021-12-31 | 0001410578-22-001057 ↗ |
| 20-F | 2021-04-27 | 2020-12-31 | 0001104659-21-055099 ↗ |
| 20-F | 2020-02-25 | 2019-12-31 | 0001104659-20-024465 ↗ |
| 20-F | 2019-03-19 | 2018-12-31 | 0001144204-19-014779 ↗ |
| 20-F | 2018-03-26 | 2017-12-31 | 0001144204-18-016871 ↗ |
| 20-F | 2017-03-20 | 2016-12-31 | 0001144204-17-015642 ↗ |
| 20-F | 2016-03-29 | 2015-12-31 | 0001144204-16-090745 ↗ |
| 20-F | 2015-03-24 | 2014-12-31 | 0001144204-15-018121 ↗ |