Investment analysts at William Blair began coverage on shares of Radcom Ltd. (NASDAQ:RDCM) in a note issued to investors on Monday. The firm set a “buy” rating on the technology company’s stock.

The analysts wrote, “We believe the operator is Verizon (VZ $48.94; Market Perform). Our sources suggest that the initial order is approximately $10 million for Verizon’s virtualized core network (wireless evolved packet core). This differs from Radcom’s contract with AT&T (T $38.34; Market Perform) in that it is not an enterprisewide license, but rather it is for a specific part of its network handling a certain number of subscribers. We believe this contract could ultimately grow to be of larger size than AT&T (which is currently worth roughly $18 million annually over three years). Furthermore, other network deployments for NFV at this customer could be awarded throughout 2018, in our view , but will likely undergo similarly exhaustive bake-off processes.””

Several other equities analysts have also commented on RDCM. Zacks Investment Research lowered shares of Radcom from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of Radcom in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Radcom from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Finally, BidaskClub upgraded shares of Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

Radcom (NASDAQ:RDCM) opened at 21.65 on Monday. The firm’s 50-day moving average is $20.20 and its 200 day moving average is $19.99. The stock’s market capitalization is $253.07 million. Radcom has a 12 month low of $16.60 and a 12 month high of $22.45.

Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $8.92 million during the quarter, compared to analyst estimates of $8.68 million. Radcom had a negative net margin of 3.90% and a negative return on equity of 2.19%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts anticipate that Radcom will post $0.13 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Radcom by 0.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after buying an additional 272 shares in the last quarter. Malaga Cove Capital LLC grew its position in Radcom by 9.1% in the 2nd 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 in the last quarter. ETF Managers Group LLC bought a new position in Radcom in the 2nd quarter valued at about $101,000. Russell Investments Group Ltd. grew its position in Radcom by 16.4% in the 1st 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 in the last quarter. Finally, Raging Capital Management LLC grew its position in Radcom by 18.5% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 15.12% of the company’s stock.

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.

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