Published on 18 Jun 2024 on Simply Wall St. · via Yahoo Finance
AudioCodes Ltd.'s (NASDAQ:AUDC) Fundamentals Look Pretty Strong: Could The...
With its stock down 27% over the past three months, it is easy to disregard AudioCodes (NASDAQ:AUDC). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on AudioCodes' ROE.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.