Radcom (NASDAQ:RDCM – Get Free Report) declared that its Board of Directors has initiated a share buyback plan on Thursday, September 17th, RTT News reports. The company plans to buyback $20.00 million in shares. This buyback authorization permits the technology company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
RDCM has been the topic of several analyst reports. Zacks Research lowered shares of Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded Radcom from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Needham & Company LLC dropped their price target on Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Weiss Ratings cut Radcom from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.00.
Check Out Our Latest Report on Radcom
Radcom Stock Performance
Radcom (NASDAQ:RDCM – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). The firm had revenue of $11.76 million during the quarter, compared to the consensus estimate of $15.57 million. Radcom had a net margin of 10.47% and a return on equity of 6.51%. On average, research analysts forecast that Radcom will post -0.03 earnings per share for the current year.
Radcom Company Profile
RADCOM Ltd. (NASDAQ: RDCM) is an Israel-based provider of network intelligence and service assurance solutions for telecommunications operators. The company helps communications service providers monitor, analyze and optimize mobile and fixed networks, with a focus on cloud-native, virtualized and 5G network environments.
RADCOM’s portfolio includes solutions for network visibility, service quality monitoring, performance management and automated troubleshooting. Its software is designed to collect and analyze data from complex network infrastructures, enabling operators to identify service issues, improve customer experiences and support the rollout and operation of new network technologies.
Founded in 1991, RADCOM serves telecommunications companies and network operators in international markets.
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