RADCOM (RDCM) Stock Rating Reaffirmed by William Blair

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RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reissued by analysts at William Blair in a research note issued to investors on Monday.

The analysts wrote, “We came away from the presentation incrementally more confident in the company’s competitive positioning, expanding product capabilities, growing NFV pipeline, and outlook for the second half of the year . Additional highlights: Radcom is extending MaveriQ product capabilities. Mr . Ravkaie noted the company is extending its MaveriQ product capabilities into understanding all types of traffic, including encrypted video and media communications. Machine learning capability will be embedded into Radcom’s visibility products (virtual packet broker) to give carriers a set of KPIs on encrypted traffic to score their end customer experience.””

A number of other analysts have also commented on the company. BidaskClub lowered RADCOM from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research upgraded RADCOM from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.00.

RDCM stock traded down $0.43 during midday trading on Monday, reaching $20.32. The stock had a trading volume of 500 shares, compared to its average volume of 65,147. The firm has a market cap of $280.82 million, a price-to-earnings ratio of 88.35 and a beta of 0.62. RADCOM has a twelve month low of $17.00 and a twelve month high of $22.45.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.10. The firm had revenue of $10.90 million during the quarter, compared to analyst estimates of $9.50 million. RADCOM had a return on equity of 5.94% and a net margin of 8.88%. analysts expect that RADCOM will post 0.18 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in RADCOM by 109.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,626 shares of the technology company’s stock worth $171,000 after buying an additional 4,502 shares during the last quarter. ARK Investment Management LLC bought a new position in RADCOM during the fourth quarter worth about $248,000. 1492 Capital Management LLC bought a new position in RADCOM during the fourth quarter worth about $518,000. Senvest Management LLC boosted its holdings in 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 buying an additional 40,000 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in RADCOM during the fourth quarter worth about $803,000. Hedge funds and other institutional investors own 23.71% of the company’s stock.

RADCOM Company Profile

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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