Radcom Ltd. (RDCM) Trading 2.9% Higher
Shares of Radcom Ltd. (NASDAQ:RDCM) traded up 2.9% during mid-day trading on Friday . The company traded as high as $16.87 and last traded at $16.85, with a volume of 73,723 shares changing hands. The stock had previously closed at $16.37.
A number of equities analysts have recently weighed in on the stock. 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 reaffirmed a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Needham & Company LLC assumed coverage on shares of Radcom in a research note on Monday, May 23rd. They issued a “buy” rating and a $16.00 price target on the stock. Finally, TheStreet raised shares of Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Radcom currently has a consensus rating of “Buy” and an average price target of $15.67.
The company has a 50-day moving average of $13.62 and a 200-day moving average of $13.53. The firm has a market cap of $166.89 million and a PE ratio of 144.44.
Radcom (NASDAQ:RDCM) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.13. The business had revenue of $7.20 million for the quarter, compared to analyst estimates of $6.80 million. On average, analysts anticipate that Radcom Ltd. will post $0.43 EPS for the current fiscal 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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