Radcom Ltd. (NASDAQ:RDCM) issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.15, Briefing.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 $9.60 million during the quarter, compared to the consensus estimate of $8.77 million. During the same quarter last year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis.
Shares of Radcom (RDCM) opened at $20.45 on Wednesday. Radcom has a 1-year low of $16.60 and a 1-year high of $22.45. The firm has a market capitalization of $268.51, a PE ratio of 1,020.00 and a beta of 1.16.
A number of analysts have recently commented on the company. William Blair restated a “buy” rating on shares of Radcom in a research report on Monday, November 6th. BidaskClub raised Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine raised Radcom from a “sell” rating to a “hold” rating in a research note on Sunday, September 3rd. Zacks Investment Research raised Radcom from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research note on Saturday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Radcom in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.
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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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