Radcom Ltd. (NASDAQ:RDCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $23.00 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 12.75% 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) “
RDCM has been the topic of several other reports. TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Needham & Company LLC raised their price objective on Radcom from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, September 26th. Finally, William Blair restated a “buy” rating on shares of Radcom in a research note on Monday, June 20th. Five equities research analysts have rated the stock with a buy rating, Radcom has a consensus rating of “Buy” and a consensus target price of $20.67.
Radcom (NASDAQ:RDCM) opened at 20.40 on Wednesday. The firm has a market capitalization of $230.83 million, a PE ratio of 174.36 and a beta of 1.48. Radcom has a 1-year low of $9.02 and a 1-year high of $22.35. The stock’s 50 day moving average is $19.64 and its 200-day moving average is $15.06.
Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.80 million. Equities research analysts forecast that Radcom will post $0.43 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Hartwell J M Limited Partnership bought a new stake in Radcom during the second quarter worth about $116,000. Royal Bank of Canada bought a new stake in Radcom during the first quarter worth about $207,000. A.R.T. Advisors LLC bought a new stake in Radcom during the second quarter worth about $285,000. Menta Capital LLC boosted its stake in 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 during the last quarter. Finally, AWM Investment Company Inc. bought a new stake in Radcom during the second quarter worth about $3,060,000. 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.