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.
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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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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