Radcom Ltd. (RDCM) Hits New 12-Month High at $18.94
Radcom Ltd. (NASDAQ:RDCM) reached a new 52-week high 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 recently weighed in on the company. Zacks Investment Research raised Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, August 16th. TheStreet raised Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Radcom in a report on Wednesday, August 3rd. Finally, William Blair reaffirmed a “buy” rating on shares of Radcom in a report on Monday, June 20th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.67.
The firm’s 50 day moving average price is $15.49 and its 200-day moving average price is $13.71. The company has a market cap of $187.82 million and a P/E ratio of 162.56.
Radcom (NASDAQ:RDCM) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.13. The firm earned $7.20 million during the quarter, compared to the consensus estimate of $6.80 million. On average, analysts predict 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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