Radcom Ltd. (RDCM) Shares Up 3.5%
Radcom Ltd. (NASDAQ:RDCM) shares shot up 3.5% during mid-day trading on Friday . The stock traded as high as $19.79 and last traded at $19.69, with a volume of 227,593 shares. The stock had previously closed at $19.03.
Several research firms have issued reports on RDCM. Zacks Investment Research lowered shares of Radcom from a “strong-buy” rating to a “hold” rating in a research report 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 objective for the company. Finally, TheStreet raised shares of Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.67.
The company has a market cap of $195.03 million and a P/E ratio of 168.80. The stock has a 50-day moving average price of $15.99 and a 200 day moving average price of $13.83.
Radcom (NASDAQ:RDCM) last released its quarterly 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 the consensus estimate of $6.80 million. Equities research 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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