RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reaffirmed by research analysts at William Blair in a report released on Tuesday.

A number of other brokerages also recently issued reports on RDCM. BidaskClub downgraded RADCOM from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Zacks Investment Research raised RADCOM from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Saturday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Shares of RADCOM (NASDAQ RDCM) traded up $1.75 during trading hours on Tuesday, hitting $19.90. The stock had a trading volume of 169,762 shares, compared to its average volume of 40,122. The firm has a market cap of $261.93, a P/E ratio of -1,990.00 and a beta of 0.49. RADCOM has a 12 month low of $16.60 and a 12 month high of $22.45.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $10.54 million. RADCOM had a positive return on equity of 0.71% and a negative net margin of 0.27%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. equities analysts predict that RADCOM will post 0.13 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of RDCM. Goldman Sachs Group Inc. raised its stake in RADCOM by 0.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock worth $667,000 after buying an additional 272 shares during the period. Granite Investment Partners LLC acquired a new position in RADCOM during the 3rd quarter worth approximately $548,000. Pinnacle Associates Ltd. bought a new stake in RADCOM during the 3rd quarter worth approximately $316,000. Taylor Frigon Capital Management LLC bought a new stake in RADCOM during the 4th quarter worth approximately $1,820,000. Finally, Malaga Cove Capital LLC increased its holdings in RADCOM by 112.4% during the 4th quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after purchasing an additional 14,044 shares in the last quarter. 15.15% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/02/13/radcoms-rdcm-buy-rating-reiterated-at-william-blair.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADCOM and related companies with MarketBeat.com's FREE daily email newsletter.