Radcom Ltd. (RDCM) Lifted to “Buy” at Zacks Investment Research
Radcom Ltd. (NASDAQ:RDCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $23.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 9.79% 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 research reports. William Blair restated a “buy” rating on shares of Radcom in a report on Monday, June 20th. Needham & Company LLC upped their price target on Radcom from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Finally, TheStreet upgraded Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. Five analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $20.67.
Shares of Radcom (NASDAQ:RDCM) opened at 20.95 on Wednesday. The company’s 50 day moving average price is $19.43 and its 200-day moving average price is $14.98. The firm has a market cap of $237.05 million, a P/E ratio of 179.06 and a beta of 1.48. Radcom has a 12-month low of $9.02 and a 12-month high of $22.35.
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 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 company had revenue of $7.20 million for the quarter, compared to the consensus estimate of $6.80 million. On average, equities research analysts anticipate that Radcom will post $0.43 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in Radcom during the first quarter worth approximately $207,000. AWM Investment Company Inc. acquired a new position in Radcom during the second quarter worth approximately $3,060,000. Hartwell J M Limited Partnership acquired a new position in Radcom during the second quarter worth approximately $116,000. A.R.T. Advisors LLC acquired a new position in Radcom during the second quarter worth approximately $285,000. Finally, G2 Investment Partners Management LLC increased its position in Radcom by 38.4% in the second quarter. G2 Investment Partners Management LLC now owns 1,091,606 shares of the company’s stock worth $12,717,000 after buying an additional 302,702 shares during the last quarter. 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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