Radcom Ltd. (RDCM) Shares Up 2.9%
Radcom Ltd. (NASDAQ:RDCM) shot up 2.9% on Friday . The company traded as high as $16.87 and last traded at $16.85, with a volume of 73,723 shares changing hands. The stock had previously closed at $16.37.
A number of research firms have weighed in on RDCM. TheStreet raised Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of Radcom in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Radcom from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Finally, William Blair reissued a “buy” rating on shares of Radcom in a report on Monday, June 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Radcom currently has a consensus rating of “Buy” and a consensus target price of $15.67.
The firm has a market cap of $166.89 million and a price-to-earnings ratio of 144.44. The company has a 50-day moving average of $13.74 and a 200 day moving average of $13.53.
Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.13. The business had revenue of $7.20 million for the quarter, compared to analyst estimates of $6.80 million. On average, analysts anticipate that Radcom Ltd. will post $0.43 earnings per share for the current fiscal 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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