Radcom Ltd. (NASDAQ:RDCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $23.00 price objective on the stock. Zacks Investment Research’s price objective suggests a potential upside of 9.79% from the company’s previous close.
According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “
Several other equities analysts also recently issued reports on RDCM. William Blair reiterated a “buy” rating on shares of Radcom in a research report on Monday, June 20th. Needham & Company LLC restated a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of Radcom in a research report on Wednesday, August 3rd. Finally, TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $20.67.
Shares of Radcom (NASDAQ:RDCM) opened at 20.95 on Wednesday. The company has a 50 day moving average price of $19.43 and a 200-day moving average price of $14.98. The firm has a market capitalization of $237.05 million, a PE ratio of 179.06 and a beta of 1.48. Radcom has a 12 month low of $9.02 and a 12 month high of $22.35.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.13. The business earned $7.20 million during the quarter, compared to the consensus estimate of $6.80 million. Radcom had a return on equity of 7.06% and a net margin of 5.12%. Equities research analysts expect that Radcom will post $0.43 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Hartwell J M Limited Partnership purchased a new stake in Radcom during the second quarter worth $116,000. Royal Bank of Canada bought a new position in Radcom during the first quarter valued at about $207,000. A.R.T. Advisors LLC bought a new position in Radcom during the second quarter valued at about $285,000. Menta Capital LLC boosted its position in Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock valued at $1,673,000 after buying an additional 92,423 shares in the last quarter. Finally, AWM Investment Company Inc. bought a new position in Radcom during the second quarter valued at about $3,060,000. 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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