ZM - AudioCodes: A Less Visible Work From Home Story
AudioCodes (NASDAQ: AUDC) is an Israel-based supplier of voice networking and media processing solutions. Its products are used in unified communications, including cloud-based applications commonly known as UCaaS (Unified Communications as a Service).
It is considered as one of the companies that will actually benefit from the trends emerging from COVID-19, because it provides technological solutions facilitating remote working.
Figure 1: AUDC share price and P/E evolution
Data by YCharts
In addition, since the end of April, the stock price has gained new heights following the release of the company's first-quarter results, which beat