Radcom Ltd. (RDCM) Sees Unusually-High Trading Volume
Radcom Ltd. (NASDAQ:RDCM) shares saw unusually-high trading volume on Friday . Approximately 366,764 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 170,184 shares.The stock last traded at $16.80 and had previously closed at $16.79.
RDCM has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Radcom in a research report on Monday, June 13th. Zacks Investment Research upgraded shares of Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, August 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Radcom in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.67.
The company has a market capitalization of $177.36 million and a P/E ratio of 153.50. The stock’s 50 day moving average price is $14.96 and its 200-day moving average price is $13.62.
Radcom (NASDAQ:RDCM) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.13. The company earned $7.20 million during the quarter, compared to the consensus estimate of $6.80 million. Analysts anticipate that Radcom Ltd. will post $0.43 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.
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