“We believe the operator is Verizon (VZ $48.94; Market Perform). Our sources suggest that the initial order is approximately $10 million for Verizon’s virtualized core network (wireless evolved packet core). This differs from Radcom’s contract with AT&T (T $38.34; Market Perform) in that it is not an enterprisewide license, but rather it is for a specific part of its network handling a certain number of subscribers. We believe this contract could ultimately grow to be of larger size than AT&T (which is currently worth roughly $18 million annually over three years). Furthermore, other network deployments for NFV at this customer could be awarded throughout 2018, in our view , but will likely undergo similarly exhaustive bake-off processes.”,” the firm’s analyst commented.
Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $27.00 target price on shares of Radcom in a research note on Wednesday, August 9th. 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. Finally, Zacks Investment Research cut Radcom from a hold rating to a sell rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Radcom presently has a consensus rating of Hold and an average target price of $27.00.
Radcom (NASDAQ:RDCM) opened at 21.60 on Monday. The firm’s market capitalization is $252.48 million. Radcom has a 12 month low of $16.60 and a 12 month high of $22.45. The company has a 50 day moving average price of $20.40 and a 200 day moving average price of $20.02.
Radcom (NASDAQ:RDCM) last released its earnings results on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Radcom had a negative return on equity of 2.19% and a negative net margin of 3.90%. The business had revenue of $8.92 million during the quarter, compared to analysts’ expectations of $8.68 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was up 23.9% on a year-over-year basis. Analysts anticipate that Radcom will post $0.13 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC acquired a new stake in Radcom in the second quarter valued at approximately $101,000. Malaga Cove Capital LLC lifted its holdings in shares of Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after purchasing an additional 1,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Radcom by 0.8% in the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after purchasing an additional 272 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Radcom by 16.4% in the first quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock valued at $2,505,000 after purchasing an additional 16,457 shares in the last quarter. Finally, Raging Capital Management LLC lifted its holdings in shares of Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after purchasing an additional 89,773 shares in the last quarter. 15.12% of the stock is owned by hedge funds and other institutional investors.
Radcom Company Profile
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.
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