Shares of Radcom Ltd. (NASDAQ:RDCM) reached a new 52-week high during trading on Monday . The company traded as high as $19.84 and last traded at $19.75, with a volume of 306,100 shares. The stock had previously closed at $19.03.

RDCM has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on Radcom in a report on Monday, May 23rd. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research upgraded Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday, August 16th. William Blair reiterated an “outperform” rating on shares of Radcom in a report on Monday, June 13th. Finally, TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $17.67.

The company has a market capitalization of $223.47 million and a PE ratio of 168.80. The stock’s 50 day moving average is $15.99 and its 200 day moving average is $13.83.

Radcom (NASDAQ:RDCM) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.13. The business had revenue of $7.20 million for 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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