Radcom Ltd. (RDCM) Sees Strong Trading Volume
Radcom Ltd. (NASDAQ:RDCM) shares saw an uptick in trading volume on Friday . 366,764 shares were traded during 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.
A number of research firms have recently commented on RDCM. TheStreet raised shares of Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Radcom from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. William Blair reissued a “buy” rating on shares of Radcom in a research report on Monday, June 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $17.00 target price (up from $16.00) on shares of Radcom in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Radcom currently 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 price-to-earnings ratio of 153.50. The stock has a 50 day moving average price of $15.12 and a 200 day moving average price of $13.64.
Radcom (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS 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. Equities research analysts expect 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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