AudioCodes Adopts Rule 10b5-1 Stock Repurchase Plan
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AudioCodes Ltd. has adopted a Rule 10b5-1 stock repurchase plan to facilitate the buyback of its ordinary shares, allowing purchases even during insider trading restrictions. This move aims to enhance flexibility in share repurchases, potentially affecting market positioning and shareholder value. The latest analyst rating for AUDC stock is a Buy with a $12.50 price target, while Spark's AI Analyst rates it as Neutral, citing strong cash flow but declining profitability. The company operates in telecommunications, focusing on voice networking solutions.
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