William Blair Brokers Reduce Earnings Estimates for RADCOM Ltd. (RDCM)

RADCOM Ltd. (NASDAQ:RDCM) – William Blair decreased their Q4 2019 earnings estimates for RADCOM in a report issued on Tuesday, May 7th. William Blair analyst B. Suri now anticipates that the technology company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.10.

RADCOM (NASDAQ:RDCM) last posted its earnings results on Tuesday, May 7th. The technology company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.14. RADCOM had a negative return on equity of 3.02% and a negative net margin of 7.09%. The firm had revenue of $6.05 million for the quarter, compared to analysts’ expectations of $3.50 million.

Several other analysts have also recently commented on RDCM. Zacks Investment Research upgraded RADCOM from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Friday, January 18th. ValuEngine upgraded RADCOM from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Needham & Company LLC cut RADCOM from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, TheStreet cut RADCOM from a “c” rating to a “d” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.63.

RDCM opened at $8.88 on Friday. RADCOM has a 12 month low of $6.96 and a 12 month high of $21.80. The company has a market capitalization of $116.52 million, a P/E ratio of -49.33 and a beta of 0.51.

A number of hedge funds and other institutional investors have recently modified their holdings of RDCM. Van ECK Associates Corp boosted its stake in RADCOM by 50.4% during the 4th quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,619 shares in the last quarter. Two Sigma Investments LP boosted its stake in RADCOM by 77.8% during the 4th quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock valued at $185,000 after purchasing an additional 10,905 shares in the last quarter. ETF Managers Group LLC boosted its stake in RADCOM by 93.7% during the 4th quarter. ETF Managers Group LLC now owns 25,894 shares of the technology company’s stock valued at $192,000 after purchasing an additional 12,523 shares in the last quarter. Jane Street Group LLC bought a new position in RADCOM during the 3rd quarter valued at $247,000. Finally, Renaissance Technologies LLC boosted its stake in RADCOM by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 169,233 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 14,533 shares in the last quarter. 28.03% of the stock is owned by hedge funds and other institutional investors.

About RADCOM

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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