Radcom Ltd. (RDCM) Sees Unusually-High Trading Volume
Radcom Ltd. (NASDAQ:RDCM) saw unusually-strong trading volume on Thursday . Approximately 149,479 shares changed hands during 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.
Several equities analysts have weighed in on RDCM shares. Zacks Investment Research raised Radcom from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Tuesday, May 17th. William Blair reaffirmed an “outperform” rating on shares of Radcom in a research report on Monday, June 13th. Needham & Company LLC started coverage on Radcom in a research report on Monday, May 23rd. They issued a “buy” rating and a $16.00 price objective for the company. Finally, TheStreet raised Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.67.
The stock’s 50 day moving average price is $13.74 and its 200-day moving average price is $13.53. The stock has a market capitalization of $166.89 million and a PE ratio of 144.44.
Radcom (NASDAQ:RDCM) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.13. The firm earned $7.20 million during the quarter, compared to analyst estimates of $6.80 million. On average, analysts forecast 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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