Radcom (NASDAQ:RDCM) Announces Quarterly Earnings Results

Radcom (NASDAQ:RDCM) posted its quarterly earnings results on Wednesday. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22, Zacks reports. Radcom had a return on equity of 9.96% and a net margin of 14.14%. Radcom updated its FY 2025 guidance to EPS.

Radcom Trading Up 5.0%

RDCM traded up $0.64 on Wednesday, hitting $13.31. 162,498 shares of the stock traded hands, compared to its average volume of 64,567. Radcom has a 52 week low of $9.88 and a 52 week high of $15.98. The business has a fifty day moving average price of $13.91 and a two-hundred day moving average price of $13.36. The firm has a market capitalization of $218.28 million, a PE ratio of 22.90 and a beta of 0.65.

Hedge Funds Weigh In On Radcom

A number of hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Radcom by 20.5% during the 2nd quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock valued at $1,497,000 after purchasing an additional 18,708 shares during the last quarter. Jump Financial LLC purchased a new stake in Radcom during the 2nd quarter valued at $165,000. Lazard Asset Management LLC lifted its holdings in shares of Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after buying an additional 5,135 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Radcom during the second quarter valued at $34,000. Institutional investors own 48.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RDCM shares. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Radcom in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Radcom Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.