Radcom Ltd. (NASDAQ:RDCM) announced its quarterly earnings results on Monday. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Morningstar.com reports. The firm had revenue of $8.92 million during the quarter, compared to analysts’ expectations of $8.68 million. Radcom had a net margin of 2.18% and a return on equity of 2.70%. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share.

Shares of Radcom (RDCM) traded down 4.34% on Tuesday, reaching $19.85. 15,506 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $20.39 and its 200 day moving average price is $19.39. The company has a market cap of $231.25 million, a price-to-earnings ratio of 342.24 and a beta of 1.35. Radcom has a 12 month low of $16.00 and a 12 month high of $22.45.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Radcom by 161.2% in the second quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after buying an additional 187,816 shares in the last quarter. 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 in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Radcom during the first quarter valued at approximately $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 in the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.

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RDCM has been the subject of a number of analyst reports. BidaskClub upgraded shares of 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 shares of Radcom from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.00.

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.

Earnings History for Radcom (NASDAQ:RDCM)

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