Radcom Ltd. (RDCM) Shares Up 0.6%
Radcom Ltd. (NASDAQ:RDCM) shares shot up 0.6% during trading on Friday . The stock traded as high as $19.01 and last traded at $18.90, with a volume of 166,188 shares traded. The stock had previously closed at $18.79.
Several brokerages have commented on RDCM. 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 report on Tuesday, August 16th. TheStreet upgraded shares of Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective (up from $16.00) on shares of Radcom in a report on Wednesday, August 3rd. Finally, William Blair restated a “buy” rating on shares of Radcom in a report on Monday, June 20th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.67.
The firm has a market capitalization of $213.85 million, a P/E ratio of 161.54 and a beta of 1.50. The stock has a 50-day moving average of $16.73 and a 200 day moving average of $14.00.
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Radcom (NASDAQ:RDCM) last posted its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. Radcom had a net margin of 5.12% and a return on equity of 7.06%. The firm earned $7.20 million during the quarter, compared to analyst estimates of $6.80 million. Equities research analysts anticipate that Radcom Ltd. will post $0.43 earnings per share for the current year.
Radcom Company Profile
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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