AudioCodes Ltd. (NASDAQ:AUDC), a leading provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks, announced financial results for the fourth quarter and full year periods ended December 31, 2013. Fourth Quarter Highlights: Revenues totaled $36.3 million, a 10.5% increase over the year ago quarter. Quarterly networking revenues increased 16.7% year-over-year and 7.1% over previous quarter. Non-GAAP net income was $1.9 million, or $0.05 per diluted share. AudioCodes Ltd. (NASDAQ:AUDC) stock opened today at $7.50 and is currently trading at $7.37. The stock showed a positive weekly performance of 0.27%.
In a market update, Mitel Networks Corporation (NASDAQ:MITL) and Aastra Technologies Limited (AAH.TO) confirmed that, further to the announcement on November 11, 2013 of Mitel’s intention to merge with Aastra, the parties now expect to close the transaction on or about January 31, 2014, subject to the satisfaction or waiver of remaining closing conditions. Mitel Networks Corporation (NASDAQ:MITL) stock opened at $8.56, in current trading session and currently is at $8.58, by gaining 1.06%. The 52 week range of $3.25 – $10.28. Company’s market capitalization is $466.61 billion.
TheStreet Ratings team rates InfoSonics Corporation (NASDAQ:IFON) as a Hold with a ratings score of C. InfoSonics Corporation (NASDAQ:IFON) stock is open at $2.73 and currently trading at $2.64. The EPS of the stock is -0.13. Company’s market capitalization is $37.45 billion.
Zoom Technologies, Inc. (Zoom) is engaged in design, production, marketing, sales, and support of broadband and dial-up modems, voice over Internet Protocol or (VoIP) products and services, Bluetooth wireless products, and other communication-related products. The Company through its wholly owned holding-company subsidiary, Gold Lion Holding Limited (Gold Lion) is the owner of 100% of Profit Harvest Corporation Ltd. (Profit Harvest) and through Gold Lion’s wholly owned subsidiary, Jiangsu Leimone Electronics Co., Ltd. (Jiangsu Leimone) is the owner of 80% of Tianjin Tong Guang Group Digital Communication Co., Ltd. Zoom Technologies Inc (NASDAQ:ZOOM) stock opened the session at $4.98, and now is at $4.86. The 52 week range of the ZOOM stock remained $0.32 – $9.40 and the day range was $4.86 – $5.07.
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