BidaskClub Upgrades Radcom Ltd. (RDCM) to Buy

Radcom Ltd. (NASDAQ:RDCM) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts also recently issued reports on RDCM. William Blair reissued an “outperform” rating on shares of Radcom in a research report on Thursday, June 8th. Zacks Investment Research raised Radcom from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.00.

Shares of Radcom (NASDAQ RDCM) traded up 5.26% during mid-day trading on Wednesday, hitting $22.00. The stock had a trading volume of 57,600 shares. The stock has a 50 day moving average of $19.87 and a 200-day moving average of $19.16. The stock has a market capitalization of $256.30 million, a P/E ratio of 379.31 and a beta of 1.33. Radcom has a 52 week low of $13.22 and a 52 week high of $22.45.

Radcom (NASDAQ:RDCM) last announced its earnings results on Thursday, May 4th. The technology company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The company had revenue of $8 million for the quarter, compared to analyst estimates of $7.43 million. Radcom had a return on equity of 2.70% and a net margin of 2.18%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities research analysts predict that Radcom will post $0.26 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Radcom during the fourth quarter valued at $1,791,000. Raging Capital Management LLC increased its stake in Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after buying an additional 89,773 shares during the period. Malaga Cove Capital LLC increased its stake in Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in Radcom during the first quarter valued at $735,000. 16.55% of the stock is currently owned by institutional investors.

About Radcom

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.