Radcom Ltd. (RDCM) Issues Earnings Results
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.
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