RADCOM (RDCM) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

RADCOM (NASDAQ:RDCM) released its quarterly earnings data on Tuesday. The technology company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.10, Morningstar.com reports. RADCOM had a positive return on equity of 0.71% and a negative net margin of 0.27%. The business had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $10.54 million. During the same quarter in the previous year, the business posted $0.04 EPS. RADCOM’s revenue for the quarter was up 32.5% on a year-over-year basis.

RADCOM (NASDAQ RDCM) traded up $1.75 during midday trading on Wednesday, reaching $19.90. The company’s stock had a trading volume of 169,700 shares, compared to its average volume of 39,149. The company has a market cap of $238.89, a PE ratio of 907.50 and a beta of 0.49. RADCOM has a 12-month low of $16.60 and a 12-month high of $22.45.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raging Capital Management LLC lifted its stake in RADCOM by 157.7% in the 4th quarter. Raging Capital Management LLC now owns 1,271,758 shares of the technology company’s stock valued at $25,244,000 after acquiring an additional 778,207 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in RADCOM in the 4th quarter valued at approximately $5,101,000. Nicholas Investment Partners LP bought a new stake in RADCOM in the 4th quarter valued at approximately $2,637,000. Cooper Creek Partners Management LLC bought a new stake in RADCOM in the 4th quarter valued at approximately $4,281,000. Finally, Senvest Management LLC lifted its stake in RADCOM by 30.3% in the 4th quarter. Senvest Management LLC now owns 172,039 shares of the technology company’s stock valued at $3,415,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 15.15% of the company’s stock.

Several equities analysts have recently weighed in on the company. William Blair reiterated a “buy” rating on shares of RADCOM in a report on Tuesday. BidaskClub cut RADCOM from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research cut RADCOM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

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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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