Radcom Ltd. (NASDAQ:RDCM) released its quarterly earnings results on Monday. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.06, MarketWatch Earnings reports. The business had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.68 million. Radcom had a return on equity of 2.70% and a net margin of 2.18%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS.
Shares of Radcom (NASDAQ RDCM) opened at 20.75 on Tuesday. Radcom has a 52-week low of $16.00 and a 52-week high of $22.45. The company has a market capitalization of $241.74 million, a P/E ratio of 357.76 and a beta of 1.35. The stock’s 50 day moving average price is $20.39 and its 200-day moving average price is $19.39.
RDCM has been the subject of several recent research reports. BidaskClub upgraded Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. William Blair restated a “buy” rating on shares of Radcom in a research note on Thursday, June 15th. Finally, Zacks Investment Research upgraded Radcom from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Radcom presently has an average rating of “Buy” and a consensus price target of $25.00.
Several institutional investors have recently made changes to their positions in RDCM. Malaga Cove Capital LLC boosted its position in shares of 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. Russell Investments Group Ltd. boosted its position in shares of Radcom by 16.4% in the first quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock valued at $2,505,000 after buying an additional 16,457 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Radcom during the first quarter valued at $735,000. Finally, Raging Capital Management LLC boosted its position in shares of 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. Institutional investors own 18.18% 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.
Receive News & Ratings for Radcom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radcom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
