Radcom Ltd. (RDCM) Sees Large Volume Increase
Radcom Ltd. (NASDAQ:RDCM) saw an uptick in trading volume on Thursday . 149,479 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 129,993 shares.The stock last traded at $16.49 and had previously closed at $16.23.
A number of brokerages recently weighed in on RDCM. TheStreet raised shares of Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Radcom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Radcom in a report on Wednesday, August 3rd. Finally, William Blair reaffirmed a “buy” rating on shares of Radcom in a report on Monday, June 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.67.
The firm has a market cap of $161.65 million and a price-to-earnings ratio of 139.91. The company’s 50 day moving average is $13.62 and its 200-day moving average is $13.53.
Radcom (NASDAQ:RDCM) last posted its 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 company earned $7.20 million during the quarter, compared to analysts’ expectations of $6.80 million. On average, analysts anticipate that Radcom Ltd. will post $0.43 EPS 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.
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