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AudioCodes Ltd. AUDC recently announced the launch of the Intelligent Meeting Room solution powered by generative AI capabilities designed to streamline hybrid meeting experiences. Several organizations across industries are adopting hybrid and remote work models to ensure flexibility and improved work-life balance for their workers.
However, many organizations are facing a multitude of challenges in ensuring smooth collaboration among on-site and remote employees working in a hybrid setup. Technical issues such as audio-video problems and connectivity disruptions create a communication barrier between team members. Employees working remotely can feel disconnected from the rest of the team. This can significantly undermine productivity and negatively affect business operations.
AudioCodes’ AI-powered Intelligent Meeting Room solution effectively addresses these issues. The solutions offer conversational AI-generated meeting summarization that replaces the manual note-taking process and allows participants to focus on ongoing discussions. The feature is powered by AudioCodes Meeting Insight technology that efficiently organizes meeting summaries, key topics, decisions and questions asked during the meeting.
The solution also includes AUDC’s RXV series devices and cameras integrated with Visual AI capabilities that support face detection, speaker tracking and multi streaming. The solution offer a comprehensive view of all the attendees and ensures a more engaging experience for all the participants, including the remote workers. The combination of AI-generated meeting summaries and smart video not only bolster the overall meeting experience but also boost overall productivity through seamless collaboration and drive innovation.
Will This Product Launch Drive AUDC’s Shares Performance?
Hybrid working setup is gaining popularity across several sectors in the post-pandemic era. This is driving the demand for communication solutions tailored to the digital workplace. AudioCodes with its robust portfolio of advanced voice AI technologies and comprehensive communication solutions is well positioned to gain from this market trend.
AUDC Stock’s Price Movement
Shares of AudioCodes have lost 9.6% in the past year against the industry’s growth of 67.2%.
Image Source: Zacks Investment Research
AUDC’s Zacks Rank & Stocks to Consider
AudioCodes currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks that investors may consider.
Keysight Technologies, Inc. KEYS flaunts a Zacks Rank of 1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the last reported quarter, it delivered an earnings surprise of 5.10%. Keysight is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.
InterDigital IDCC sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 114.47%.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Ubiquiti Inc. UI sports a Zacks Rank #1 at present. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.
The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques.