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.
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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