Radcom Ltd. (RDCM) Sets New 52-Week High at $18.94
Radcom Ltd. (NASDAQ:RDCM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.94 and last traded at $18.90, with a volume of 460,309 shares. The stock had previously closed at $17.96.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, August 16th. TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of Radcom in a research note on Wednesday, August 3rd. Finally, William Blair reiterated a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.67.
The firm has a market cap of $185.45 million and a price-to-earnings ratio of 160.51. The firm has a 50-day moving average price of $15.12 and a 200-day moving average price of $13.64.
Radcom (NASDAQ:RDCM) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Radcom Ltd. will post $0.43 earnings per share 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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