Radcom Ltd. (RDCM) PT Raised to $23.00
Radcom Ltd. (NASDAQ:RDCM) had its price target lifted by equities research analysts at Needham & Company LLC from $17.00 to $23.00 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 12.75% from the company’s previous close.
RDCM has been the subject of several other reports. TheStreet raised shares of Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Radcom from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Finally, William Blair reissued a “buy” rating on shares of Radcom in a report on Monday, June 20th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.67.
Shares of Radcom (NASDAQ:RDCM) opened at 20.40 on Monday. Radcom has a one year low of $9.02 and a one year high of $20.90. The company has a market cap of $230.83 million, a price-to-earnings ratio of 174.36 and a beta of 1.50. The firm has a 50-day moving average of $18.32 and a 200 day moving average of $14.52.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.13. The company earned $7.20 million during the quarter, compared to analysts’ expectations of $6.80 million. Radcom had a net margin of 5.12% and a return on equity of 7.06%. Equities research analysts anticipate that Radcom will post $0.43 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Hartwell J M Limited Partnership bought a new stake in Radcom during the second quarter valued at approximately $116,000. Royal Bank of Canada acquired a new stake in shares of Radcom during the first quarter valued at about $207,000. A.R.T. Advisors LLC acquired 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 in the last quarter. 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 in the last quarter. 18.57% of the stock is owned by institutional investors.
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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