Radcom Ltd. (NASDAQ:RDCM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued on Wednesday. They presently have a $27.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 58.82% from the company’s current price.
Separately, Zacks Investment Research cut Radcom from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.00.
Shares of Radcom (NASDAQ:RDCM) opened at 17.00 on Wednesday. Radcom has a 52 week low of $11.11 and a 52 week high of $22.35. The firm has a 50-day moving average price of $18.27 and a 200-day moving average price of $18.65. The stock has a market cap of $193.97 million, a price-to-earnings ratio of 309.09 and a beta of 1.36.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. Radcom had a return on equity of 2.82% and a net margin of 2.18%. The company earned $8 million during the quarter, compared to analysts’ expectations of $7.94 million. The business’s quarterly revenue was up 196.3% on a year-over-year basis. On average, equities analysts anticipate that Radcom will post $0.46 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Raging Capital Management LLC raised its position in Radcom by 120.7% in the fourth quarter. Raging Capital Management LLC now owns 486,277 shares of the company’s stock worth $8,656,000 after buying an additional 265,926 shares during the last quarter. First Republic Investment Management Inc. raised its position in Radcom by 114.4% in the fourth quarter. First Republic Investment Management Inc. now owns 30,685 shares of the company’s stock worth $546,000 after buying an additional 16,370 shares during the last quarter. Menta Capital LLC raised its position in Radcom by 17.9% in the fourth quarter. Menta Capital LLC now owns 258,818 shares of the company’s stock worth $4,607,000 after buying an additional 39,370 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Radcom during the fourth quarter worth $1,791,000. Finally, Timpani Capital Management LLC bought a new position in Radcom during the third quarter worth $1,747,000. Institutional investors and hedge funds own 20.31% of the company’s stock.
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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