AudioCodes, which provides voice networking and media processing solutions for the digital workplace, hopes to take advantage of its recent positive momentum, which has seen its share price at a 20-year high. The share prices has risen 49% this year after rising 160% last year but fell 0.76% on Nasdaq yesterday to $37.81, giving a market cap of $1.104 billion.
The company, founded by CEO Shabtai Adlersberg, has also been boosted by the Covid-19 crisis and the shift to remote working. AudioCodes has a collaborative agreement with Microsoft and recently signed a cooperation agreement with Google. […]