Development shares could be a few of the most enjoyable picks out there, as these high-flyers can c
Development shares could be a few of the most enjoyable picks out there, as these high-flyers can captivate traders’ consideration, and produce huge good points as nicely. Nevertheless, they’ll additionally lead on the draw back when the expansion story is over, so it is very important discover corporations that are nonetheless seeing sturdy development prospects of their companies.
One such firm that could be well-positioned for future earnings development is AudioCodes Ltd. AUDC. This agency, which is within the Communication – Parts business, noticed EPS development of 36.9% final yr, and is wanting nice for this yr too.
The truth is, the present development estimate for this yr requires earnings-per-share development of 50.0%. Moreover, the long-term development charge is at the moment a formidable 19.5%, suggesting fairly good prospects for the lengthy haul.
AudioCodes Ltd. Value and Consensus
AudioCodes Ltd. price-consensus-chart | AudioCodes Ltd. Quote
And if this wasn’t sufficient, the inventory has truly seen estimates rise over the previous month for the present fiscal yr by about 9.8%. Due to this rise in earnings estimates, AUDC has a Zacks Rank #2 (Purchase) which additional underscores the potential for outperformance on this firm. You possibly can see the entire listing of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
So in case you are searching for a quick rising inventory that’s nonetheless seeing loads of alternatives on the horizon, ensure to think about AUDC. Not solely does it have double-digit earnings development prospects, however its spectacular Zacks Rank means that analysts imagine higher days are forward for AUDC as nicely.
The Hottest Tech Mega-Development of All
Final yr, it generated $24 billion in international revenues. By 2020, it is predicted to blast by means of the roof to $77.6 billion. Famed investor Mark Cuban says it should produce “the world’s first trillionaires,” however that ought to nonetheless depart loads of cash for normal traders who make the correct trades early.
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AudioCodes Ltd. (AUDC): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.