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AudioCodes had an excellent Q2 fueled, in part, but the work-from-home movement.
Excellent free-cash-flow generation in Q2, combined with a stock offering in June, leaves the company with an estimated $5+/share in cash with very little debt.
On the Q2 concall, the CEO effectively raised EPS guidance by $0.09/share.
AUDC seems to have found a niche market that, at least in the short-term, is benefiting from the success of Microsoft Teams.