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AUDC Short Term Outlook

TASE:AUDC   AUDIOCODES
AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of advanced communications software, products and productivity solutions for the digital workplace.

AudioCodes enables enterprises and service providers to build and operate all-IP voice networks for unified communications, contact centers, and hosted business services.

Market cap ₪3.5B, Capital ₪345M, Debt ₪300M, Predicted profit 2020 ₪23M.

Looking good in terms of price action, good place to be on a world pandemic, but PE ratio is high, so need to watch out.

Near term - if descending wedge is broken upwards, that may be a good place to enter.
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