Shares of RADCOM Ltd. (NASDAQ:RDCM) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.00.
Several equities analysts have commented on the stock. TheStreet raised shares of RADCOM from a “c” rating to a “b-” rating in a research report on Thursday, February 15th. BidaskClub raised shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. William Blair reissued a “buy” rating on shares of RADCOM in a research note on Tuesday, February 13th. Finally, Zacks Investment Research cut shares of RADCOM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th.
Shares of RADCOM (NASDAQ:RDCM) traded up $0.20 during midday trading on Monday, reaching $19.85. 21,100 shares of the company traded hands, compared to its average volume of 40,597. RADCOM has a twelve month low of $17.00 and a twelve month high of $22.45. The company has a market cap of $258.64, a PE ratio of 90.23 and a beta of 0.49.
RADCOM (NASDAQ:RDCM) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.10. RADCOM had a net margin of 7.79% and a return on equity of 5.75%. The firm had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $10.54 million. During the same quarter last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. research analysts anticipate that RADCOM will post 0.16 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of RADCOM by 109.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,626 shares of the technology company’s stock worth $171,000 after acquiring an additional 4,502 shares during the last quarter. ARK Investment Management LLC bought a new stake in shares of RADCOM in the 4th quarter worth about $248,000. Pinnacle Associates Ltd. bought a new stake in shares of RADCOM in the 3rd quarter worth about $316,000. 1492 Capital Management LLC bought a new stake in shares of RADCOM in the 4th quarter worth about $518,000. Finally, Malaga Cove Capital LLC lifted its holdings in shares of RADCOM by 112.4% in the 4th quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after acquiring an additional 14,044 shares during the last quarter. Hedge funds and other institutional investors own 17.76% of the company’s stock.
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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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