Radcom Ltd. (NASDAQ:RDCM) Posts Earnings Results, Beats Expectations By $0.15 EPS

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.

TRADEMARK VIOLATION WARNING: “Radcom Ltd. (NASDAQ:RDCM) Posts Earnings Results, Beats Expectations By $0.15 EPS” was published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://weekherald.com/2017/11/15/radcom-ltd-rdcm-announces-earnings-results-beats-estimates-by-0-13-eps.html.

About Radcom

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)

Receive News & Ratings for Radcom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radcom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply