Radcom Ltd. (RDCM) Sees Strong Trading Volume
Radcom Ltd. (NASDAQ:RDCM) saw an uptick in trading volume on Thursday . 125,809 shares were traded during trading, a decline of 16% from the previous session’s volume of 149,275 shares.The stock last traded at $13.02 and had previously closed at $13.09.
Several research firms recently weighed in on RDCM. Zacks Investment Research cut Radcom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. William Blair restated a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Finally, Needham & Company LLC began coverage on Radcom in a research note on Monday, May 23rd. They set a “buy” rating and a $16.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.33.
The firm’s 50 day moving average price is $12.23 and its 200 day moving average price is $13.40. The stock’s market capitalization is $117.71 million.
Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The business earned $6.55 million during the quarter, compared to the consensus estimate of $5.06 million. On average, equities analysts expect that Radcom Ltd. will post $0.35 EPS for the current year.
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for telecom operators and communications service providers. The Company provides solutions for mobile and fixed networks, including long-term evolution (LTE), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.
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