RADCOM (RDCM) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

RADCOM (NASDAQ:RDCM) announced its quarterly earnings results on Tuesday. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.03, Morningstar.com reports. The company had revenue of $3.99 million for the quarter, compared to the consensus estimate of $3.50 million. RADCOM had a net margin of 9.76% and a return on equity of 4.99%. RADCOM updated its FY 2019 guidance to EPS.

NASDAQ:RDCM traded down $0.09 during trading hours on Wednesday, reaching $7.65. 100 shares of the company were exchanged, compared to its average volume of 25,204. The stock has a market capitalization of $108.40 million, a PE ratio of 32.87 and a beta of 0.57. RADCOM has a twelve month low of $6.96 and a twelve month high of $21.80.

Several hedge funds and other institutional investors have recently modified their holdings of RDCM. Renaissance Technologies LLC raised its position in shares of RADCOM by 119.7% in the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after buying an additional 84,300 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of RADCOM in the second quarter valued at about $104,000. Malaga Cove Capital LLC raised its position in shares of RADCOM by 29.6% in the third quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock valued at $552,000 after buying an additional 11,100 shares during the last quarter. Taylor Frigon Capital Management LLC raised its position in shares of RADCOM by 114.0% in the third quarter. Taylor Frigon Capital Management LLC now owns 224,353 shares of the technology company’s stock valued at $2,523,000 after buying an additional 119,533 shares during the last quarter. Finally, AWM Investment Company Inc. acquired a new stake in shares of RADCOM in the third quarter valued at about $4,372,000. Institutional investors and hedge funds own 25.47% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of RADCOM from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Needham & Company LLC downgraded shares of RADCOM from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.63.

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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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