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AudioCodes (AUDC) stock is falling today after the company reported a net earnings loss for the first quarter.
Audiocodes (AUDC) falls on Wednesday after the company, which designs, develops and sells advanced Voice over IP and data networking products and communications applications for service providers and enterprises, announced the pricing of its public offering of ordinary shares. The company set a price of $8 a share for the 3.5 million shares. William Blair and Needham acted as joint book running managers for the offering.