Zacks Investment Research upgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a buy rating in a research note published on Saturday morning. They currently have $22.00 price objective on the technology company’s stock.
According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “
Several other research analysts have also recently weighed in on the company. BidaskClub raised RADCOM from a sell rating to a hold rating in a research report on Friday, May 25th. William Blair reissued a buy rating on shares of RADCOM in a research report on Monday, June 18th. Finally, ValuEngine upgraded RADCOM from a hold rating to a buy rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. RADCOM currently has a consensus rating of Buy and an average price target of $22.00.
RADCOM traded up $0.05, hitting $19.55, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 22,144 shares, compared to its average volume of 34,391. RADCOM has a 1 year low of $17.00 and a 1 year high of $22.40. The stock has a market cap of $263.90 million, a P/E ratio of 57.35 and a beta of -0.03.
RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. RADCOM had a return on equity of 6.47% and a net margin of 10.81%. The business had revenue of $10.64 million for the quarter, compared to analysts’ expectations of $10.80 million. equities research analysts forecast that RADCOM will post 0.23 earnings per share for the current year.
A hedge fund recently bought a new stake in RADCOM stock. Bank of New York Mellon Corp bought a new stake in RADCOM Ltd. (NASDAQ:RDCM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,461 shares of the technology company’s stock, valued at approximately $803,000. Bank of New York Mellon Corp owned 0.31% of RADCOM at the end of the most recent reporting period. Institutional investors own 23.71% of the company’s stock.
RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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