A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised Radcom from a sell rating to a hold rating in a research note on Tuesday, April 11th. TheStreet cut Radcom from a b rating to a c rating in a research note on Wednesday, February 15th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $27.00 price objective on shares of Radcom in a research note on Wednesday, February 15th.
Shares of Radcom (NASDAQ RDCM) opened at 20.20 on Thursday. The company has a market cap of $235.33 million, a P/E ratio of 348.28 and a beta of 1.22. The firm has a 50-day moving average price of $20.07 and a 200-day moving average price of $18.94. Radcom has a 1-year low of $11.16 and a 1-year high of $22.35.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.03) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.03). Radcom had a return on equity of 2.70% and a net margin of 2.18%. The business had revenue of $8 million during the quarter, compared to analysts’ expectations of $7.43 million. The firm’s revenue was up 23.1% compared to the same quarter last year. On average, equities analysts expect that Radcom will post $0.26 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raging Capital Management LLC raised its position in Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock worth $12,385,000 after buying an additional 89,773 shares during the period. Russell Investments Group Ltd. raised its position in Radcom by 16.4% in the first quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock worth $2,505,000 after buying an additional 16,457 shares during the period. Goldman Sachs Group Inc. bought a new position in Radcom during the first quarter worth about $735,000. Finally, 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 technology company’s stock worth $546,000 after buying an additional 16,370 shares during the period. Hedge funds and other institutional investors own 16.66% 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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