Radcom Ltd. (NASDAQ:RDCM) had its target price lifted by investment analysts at Needham & Company LLC from $17.00 to $23.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 18.99% from the stock’s current price.
RDCM has been the subject of several other research reports. Zacks Investment Research upgraded shares of Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Tuesday, August 16th. William Blair restated an “outperform” rating on shares of Radcom in a report on Monday, June 13th. Finally, TheStreet upgraded shares of Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.67.
Shares of Radcom (NASDAQ:RDCM) opened at 19.33 on Monday. The stock has a 50 day moving average of $18.09 and a 200 day moving average of $14.42. Radcom has a 12 month low of $9.02 and a 12 month high of $20.32. The firm has a market cap of $218.72 million, a price-to-earnings ratio of 165.21 and a beta of 1.50.
Radcom (NASDAQ:RDCM) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.13. Radcom had a net margin of 5.12% and a return on equity of 7.06%. The business earned $7.20 million during the quarter, compared to analysts’ expectations of $6.80 million. On average, equities research analysts expect that Radcom will post $0.43 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of RDCM. A.R.T. Advisors LLC acquired a new stake in shares of Radcom during the second quarter worth $285,000. G2 Investment Partners Management LLC boosted its stake in shares of Radcom by 38.4% in the second quarter. G2 Investment Partners Management LLC now owns 1,091,606 shares of the company’s stock worth $12,717,000 after buying an additional 302,702 shares in the last quarter. Menta Capital LLC boosted its stake in shares of Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock worth $1,673,000 after buying an additional 92,423 shares in the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Radcom during the second quarter worth $3,060,000. Finally, Hartwell J M Limited Partnership acquired a new stake in shares of Radcom during the second quarter worth $116,000. Hedge funds and other institutional investors own 18.57% of the company’s stock.
Radcom Company Profile
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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