Radcom Ltd. (RDCM) Sees Strong Trading Volume
Shares of Radcom Ltd. (NASDAQ:RDCM) saw an uptick in trading volume on Monday . 98,815 shares were traded during trading, an increase of 10% from the previous session’s volume of 89,897 shares.The stock last traded at $14.59 and had previously closed at $14.24.
A number of research firms recently weighed in on RDCM. Zacks Investment Research downgraded shares of Radcom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. William Blair reissued a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Finally, Needham & Company LLC began coverage on shares of Radcom in a research note on Monday, May 23rd. They set a “buy” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Radcom currently has a consensus rating of “Buy” and a consensus target price of $15.33.
The stock’s 50-day moving average price is $12.78 and its 200 day moving average price is $13.41. The stock’s market capitalization is $126.89 million.
Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The firm had revenue of $6.55 million for the quarter, compared to analyst estimates of $5.06 million. On average, equities analysts forecast that Radcom Ltd. will post $0.35 EPS for the current year.
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), 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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