Radcom Ltd. (NASDAQ:RDCM) had its target price lifted by stock analysts at Needham & Company LLC from $17.00 to $23.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 12.75% from the company’s current price.
Several other equities research analysts also recently commented on the company. TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Radcom in a report on Monday, June 13th. Finally, Zacks Investment Research upgraded Radcom from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a report on Tuesday, August 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.67.
Shares of Radcom (NASDAQ:RDCM) opened at 20.40 on Monday. The firm has a market cap of $230.83 million, a P/E ratio of 174.36 and a beta of 1.50. The firm’s 50-day moving average price is $18.32 and its 200 day moving average price is $14.52. Radcom has a one year low of $9.02 and a one year high of $20.90.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.13. Radcom had a return on equity of 7.06% and a net margin of 5.12%. The firm had revenue of $7.20 million for the quarter, compared to analyst estimates of $6.80 million. Analysts predict that Radcom will post $0.43 EPS for the current year.
Large investors have recently made changes to their positions in the company. Hartwell J M Limited Partnership bought a new stake in shares of Radcom during the second quarter valued at about $116,000. Royal Bank of Canada bought a new stake in shares of Radcom during the first quarter valued at about $207,000. A.R.T. Advisors LLC bought a new stake in shares of Radcom during the second quarter valued at about $285,000. Menta Capital LLC increased 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 valued at $1,673,000 after buying an additional 92,423 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Radcom by 2.8% in the first quarter. Renaissance Technologies LLC now owns 179,325 shares of the company’s stock valued at $2,455,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 18.57% 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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