Radcom Ltd. (RDCM) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Radcom Ltd. (NASDAQ:RDCM) from a hold rating to a buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $23.00 price objective on the stock.
According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “
Other equities research analysts also recently issued reports about the stock. Needham & Company LLC upped their target price on shares of Radcom from $17.00 to $23.00 and gave the stock a buy rating in a research note on Monday, September 26th. TheStreet raised shares of Radcom from a hold rating to a buy rating in a research note on Wednesday, August 3rd. Finally, William Blair reaffirmed a buy rating on shares of Radcom in a research note on Monday, June 20th. Five investment analysts have rated the stock with a buy rating, Radcom has a consensus rating of Buy and a consensus target price of $20.67.
Radcom (NASDAQ:RDCM) opened at 20.15 on Wednesday. Radcom has a 12-month low of $9.02 and a 12-month high of $22.35. The firm has a 50 day moving average of $19.81 and a 200-day moving average of $15.18. The stock has a market cap of $228.00 million, a PE ratio of 172.22 and a beta of 1.48.
Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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. Radcom had a net margin of 5.12% and a return on equity of 7.06%. On average, analysts expect that Radcom will post $0.43 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hartwell J M Limited Partnership purchased a new position in Radcom during the second quarter valued at approximately $116,000. Royal Bank of Canada purchased a new position in Radcom during the first quarter valued at approximately $207,000. A.R.T. Advisors LLC purchased a new position in Radcom during the second quarter valued at approximately $285,000. Menta Capital LLC boosted its position in Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock valued at $1,673,000 after buying an additional 92,423 shares during the period. Finally, AWM Investment Company Inc. purchased a new position in Radcom during the second quarter valued at approximately $3,060,000. Institutional investors own 18.57% of the company’s stock.
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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