RADCOM Ltd. (RDCM) Sees Strong Trading Volume
RADCOM Ltd. (NASDAQ:RDCM) saw unusually-strong trading volume on Tuesday . Approximately 138,992 shares were traded during trading, an increase of 25% from the previous session’s volume of 111,318 shares.The stock last traded at $13.87 and had previously closed at $13.68.
Several research firms recently issued reports on RDCM. Zacks Investment Research raised RADCOM from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Needham & Company LLC began coverage on RADCOM in a research report on Monday, May 23rd. They issued a “buy” rating and a $16.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of RADCOM in a research report on Monday, June 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.33.
The stock’s market cap is $121.73 million. The stock’s 50-day moving average is $12.48 and its 200-day moving average is $13.36.
RADCOM (NASDAQ:RDCM) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The firm earned $6.55 million during the quarter, compared to the consensus estimate of $5.06 million. On average, analysts predict 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.