RADCOM (NASDAQ:RDCM) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Thursday.
RDCM has been the subject of several other reports. Zacks Investment Research upgraded shares of RADCOM from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Saturday, November 11th. William Blair reiterated a “buy” rating on shares of RADCOM in a report on Monday, November 6th. Finally, BidaskClub cut shares of RADCOM from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.
RADCOM (NASDAQ:RDCM) traded down $0.05 during trading on Thursday, hitting $19.85. 34,634 shares of the stock traded hands, compared to its average volume of 42,819. The company has a market capitalization of $261.27, a PE ratio of 90.23 and a beta of 0.49. RADCOM has a twelve month low of $16.87 and a twelve month high of $22.45.
RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. The business had revenue of $10.60 million during the quarter, compared to analysts’ expectations of $10.54 million. RADCOM had a net margin of 7.79% and a return on equity of 5.75%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. analysts expect that RADCOM will post 0.16 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Taylor Frigon Capital Management LLC bought a new stake in RADCOM during the fourth quarter worth approximately $1,820,000. Pinnacle Associates Ltd. bought a new stake in RADCOM during the third quarter worth approximately $316,000. Granite Investment Partners LLC bought a new stake in RADCOM during the third quarter worth approximately $548,000. Malaga Cove Capital LLC boosted its holdings in RADCOM by 112.4% during the fourth quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after buying an additional 14,044 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in RADCOM by 0.8% during the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock worth $667,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 15.15% of the company’s stock.
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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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