RADCOM (NASDAQ:RDCM) Issues Quarterly Earnings Results, Beats Expectations By $0.29 EPS

RADCOM (NASDAQ:RDCM) released its quarterly earnings results on Monday. The technology company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.29, Morningstar.com reports. The business had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $3.70 million. RADCOM had a negative return on equity of 7.41% and a negative net margin of 20.15%.

NASDAQ:RDCM traded down $0.17 during mid-day trading on Tuesday, hitting $7.92. 652 shares of the stock were exchanged, compared to its average volume of 10,414. The stock has a market cap of $111.16 million, a PE ratio of -45.39 and a beta of 0.42. The stock’s 50-day moving average price is $7.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.84 and a quick ratio of 9.80. RADCOM has a fifty-two week low of $6.96 and a fifty-two week high of $19.75.

RDCM has been the subject of several research reports. Zacks Investment Research raised RADCOM from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Friday, August 2nd. ValuEngine raised RADCOM from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.38.

A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its holdings in RADCOM by 77.8% in the 4th quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock valued at $185,000 after acquiring an additional 10,905 shares in the last quarter. ARK Investment Management LLC grew its position in RADCOM by 9.4% during the 1st quarter. ARK Investment Management LLC now owns 57,532 shares of the technology company’s stock worth $427,000 after acquiring an additional 4,947 shares during the last quarter. Delek Group Ltd. grew its position in RADCOM by 1.9% during the 1st quarter. Delek Group Ltd. now owns 285,264 shares of the technology company’s stock worth $2,106,000 after acquiring an additional 5,264 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC grew its position in RADCOM by 7.6% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock worth $2,395,000 after acquiring an additional 20,454 shares during the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for RADCOM (NASDAQ:RDCM)

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