Radcom Ltd. (RDCM) Sees Unusually-High Trading Volume
Shares of Radcom Ltd. (NASDAQ:RDCM) saw strong trading volume on Thursday . 125,809 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 149,275 shares.The stock last traded at $13.02 and had previously closed at $13.09.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Radcom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. William Blair reissued a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $15.33.
The firm’s market cap is $117.10 million. The stock has a 50-day moving average price of $12.20 and a 200 day moving average price of $13.40.
Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The firm had revenue of $6.55 million for the quarter, compared to analyst estimates of $5.06 million. On average, analysts anticipate that Radcom Ltd. will post $0.35 EPS 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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