RADCOM (RDCM) Stock Rating Reaffirmed by William Blair

RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reiterated by William Blair in a report issued on Tuesday.

RDCM has been the topic of several other research reports. BidaskClub cut shares of RADCOM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of RADCOM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. 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’s stock. RADCOM has an average rating of “Hold” and a consensus price target of $25.00.

Shares of RADCOM (NASDAQ:RDCM) traded up $1.75 during mid-day trading on Tuesday, reaching $19.90. 169,762 shares of the company’s stock traded hands, compared to its average volume of 40,122. The stock has a market capitalization of $261.93, a price-to-earnings ratio of -1,990.00 and a beta of 0.49. RADCOM has a one year low of $16.60 and a one year high of $22.45.

RADCOM (NASDAQ:RDCM) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The company had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.54 million. RADCOM had a negative net margin of 0.27% and a positive return on equity of 0.71%. RADCOM’s revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. sell-side analysts expect that RADCOM will post 0.13 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cooper Creek Partners Management LLC acquired a new stake in shares of RADCOM during the fourth quarter worth about $4,281,000. Senvest Management LLC lifted its position in shares of RADCOM by 30.3% during the fourth quarter. Senvest Management LLC now owns 172,039 shares of the technology company’s stock worth $3,415,000 after purchasing an additional 40,000 shares in the last quarter. Taylor Frigon Capital Management LLC acquired a new stake in shares of RADCOM during the fourth quarter worth about $1,820,000. Sphera Funds Management LTD. acquired a new stake in shares of RADCOM during the fourth quarter worth about $1,305,000. Finally, Granite Investment Partners LLC lifted its position in shares of RADCOM by 92.4% during the fourth quarter. Granite Investment Partners LLC now owns 50,074 shares of the technology company’s stock worth $994,000 after purchasing an additional 24,047 shares in the last quarter. 15.15% of the stock is currently owned by institutional investors and hedge funds.

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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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