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.
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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.
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