Today’s Price Action: Does RADCOM Ltd. Have Any Gas After Today’s Big Decline?

Today's Price Action: Does RADCOM Ltd. Have Any Gas After Today's Big Decline?

The stock of RADCOM Ltd. (NASDAQ:RDCM) is a huge mover today! The stock decreased 3.53% or $0.72 on October 3, hitting $19.7. About 55,379 shares traded hands. RADCOM Ltd. (NASDAQ:RDCM) has risen 50.96% since March 1, 2016 and is uptrending. It has outperformed by 38.74% the S&P500.
The move comes after 9 months negative chart setup for the $233.00 million company. It was reported on Oct, 4 by Barchart.com. We have $16.94 PT which if reached, will make NASDAQ:RDCM worth $32.62M less.

Analysts await RADCOM Ltd. (NASDAQ:RDCM) to report earnings on October, 25. They expect $0.01 earnings per share, down 83.33% or $0.05 from last year’s $0.06 per share. RDCM’s profit will be $118,274 for 492.50 P/E if the $0.01 EPS becomes a reality. After $0.17 actual earnings per share reported by RADCOM Ltd. for the previous quarter, Wall Street now forecasts -94.12% negative EPS growth.

RADCOM Ltd. (NASDAQ:RDCM) Ratings Coverage

Out of 2 analysts covering Radcom Ltd (NASDAQ:RDCM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Radcom Ltd has been the topic of 2 analyst reports since February 18, 2016 according to StockzIntelligence Inc. The rating was initiated by Needham on Monday, May 23 with “Buy”.

According to Zacks Investment Research, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release)”

More notable recent RADCOM Ltd. (NASDAQ:RDCM) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 08, 2010, also Prnewswire.com with their article: “RADCOM Reports Q2 & H1 2016 Financial Results” published on August 03, 2016, Streetinsider.com published: “Radcom Ltd. (RDCM) Taps Amdocs’ Vered as CFO” on June 20, 2016. More interesting news about RADCOM Ltd. (NASDAQ:RDCM) were released by: Streetinsider.com and their article: “Radcom Ltd. (RDCM) Prices 1.82M Common Stock Offering at $11/Share” published on May 20, 2016 as well as Streetinsider.com‘s news article titled: “Radcom Ltd. (RDCM) Plans $20M Equity Raise” with publication date: May 16, 2016.

RDCM Company Profile

RADCOM Ltd. (RADCOM), incorporated on July 5, 1985, provides service assurance and customer experience management solutions for communication service providers (CSPs). The Firm 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. The Company’s software solutions enable CSPs to manage both existing networks and network functions virtualization (NFV) based architectures. The Company’s products and solutions include The MaveriQ Solution for Service Assurance and Customer Experience Management (CEM).

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