Radcom Ltd. (RDCM) Trading Up 3.4%
Radcom Ltd. (NASDAQ:RDCM)’s share price was up 3.4% during trading on Monday . The stock traded as high as $12.79 and last traded at $12.63, with a volume of 167,500 shares changing hands. The stock had previously closed at $12.21.
Several equities analysts have recently commented on RDCM shares. Zacks Investment Research upgraded shares of Radcom from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Tuesday, May 17th. William Blair restated an “outperform” rating on shares of Radcom in a research report on Monday, June 13th. Finally, Needham & Company LLC started coverage on shares of Radcom in a research report on Monday, May 23rd. They issued a “buy” rating and a $16.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.33.
The company’s market capitalization is $110.97 million. The stock has a 50-day moving average price of $12.09 and a 200-day moving average price of $13.40.
Radcom (NASDAQ:RDCM) last issued its earnings results on Tuesday, May 10th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. The firm earned $6.55 million during the quarter, compared to analysts’ expectations of $5.06 million. On average, equities analysts anticipate that Radcom Ltd. will post $0.35 earnings per share for the current year.
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for telecom operators and communications service providers. The Company provides solutions for mobile and fixed networks, including long-term evolution (LTE), 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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