Radcom Ltd (RDCM) Given Average Recommendation of “Hold” by Analysts

Radcom Ltd (NASDAQ:RDCM) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of equities analysts have commented on RDCM shares. TheStreet raised Radcom from a “c” rating to a “b-” rating in a research note on Thursday, February 15th. William Blair reaffirmed a “buy” rating on shares of Radcom in a research note on Tuesday, February 13th. BidaskClub raised Radcom from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research cut Radcom from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Radcom by 109.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,626 shares of the technology company’s stock valued at $171,000 after buying an additional 4,502 shares during the period. ARK Investment Management LLC purchased a new position in shares of Radcom during the fourth quarter valued at approximately $248,000. Malaga Cove Capital LLC increased its stake in shares of Radcom by 112.4% during the fourth quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock valued at $527,000 after buying an additional 14,044 shares during the period. Granite Investment Partners LLC increased its stake in shares of Radcom by 92.4% during the fourth quarter. Granite Investment Partners LLC now owns 50,074 shares of the technology company’s stock valued at $994,000 after buying an additional 24,047 shares during the period. Finally, 1492 Capital Management LLC purchased a new position in shares of Radcom during the fourth quarter valued at approximately $518,000. 24.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Radcom stock opened at $17.90 on Tuesday. The company has a market capitalization of $238.86, a price-to-earnings ratio of 77.83 and a beta of 0.59. Radcom has a one year low of $17.00 and a one year high of $22.45.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.10. The business had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $10.54 million. Radcom had a return on equity of 5.75% and a net margin of 7.79%. The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. equities analysts predict that Radcom will post 0.16 earnings per share for the current fiscal year.

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About Radcom

RADCOM Ltd. provides service assurance and customer experience monitoring solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for next-generation networks, such as long term evolution, long term evolution advanced, voice over long term evolution, Internet protocol multimedia subsystem, voice over Internet protocol, universal mobile telecommunications service/global system for mobile communications, and mobile broadband.

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