Today I’m reviewing a small-cap communication equipment firm by the name of AudioCodes Ltd. It’s trading ticker symbol is AUDC. AudioCodes Ltd is a Voice-over-IP technology company providing advanced Voice-over-IP, converged VoIP and Data networking products and communications applications for Service Providers and Enterprises. It has offices in more than 20 countries.

The company primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, system integrators and distributors, and network equipment providers in the telecommunication and networking industries. 

AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.

I use three key data points to gauge the value of any dividend equity or fund like AudioCodes Ltd (AUDC) : 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys  will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

AUDC Price

AudioCode’s  price per share was $10.97 at Friday’s market close.  A year ago its price was $6.71 for a gain of $4.26 per share. Assuming AudioCode’s price will trade in the range of $6 to $16 next year, that $4.26 gain could be realized in the coming year and move Audio Code’s current $10.97 price to $15.23 by late-August, 2019. 

AUDC Dividends

Audio Code’s most recent and only annual dividend was $0.20  declared July 24th and payable Monday, August 20th. At that most recent and only pay rate, its 2018 annual dividend is calculated at $0.20 yielding 1.82% at yesterday’s closing $10.97 price.

Gains For AUDC?

Adding the $0.20 estimated annual dividend to the $4.26 year over year theoretical price gain for AUDC makes a $4.46  gross annual per share gain, which will be reduced by costs to trade the shares.