Price Action To Observe: Will RADCOM Ltd. Run Out of Steam Soon?

Price Action To Observe: Will RADCOM Ltd. Run Out of Steam Soon?

The stock of RADCOM Ltd. (NASDAQ:RDCM) hit a new 52-week high and has $32.24 target or 50.00% above today’s $21.49 share price. The 6 months bullish chart indicates low risk for the $255.71M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $32.24 price target is reached, the company will be worth $127.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 152,337 shares traded hands. RADCOM Ltd. (NASDAQ:RDCM) has risen 58.05% since March 4, 2016 and is uptrending. It has outperformed by 50.02% the S&P500.

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 $118,990 for 537.25 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. Needham initiated RADCOM Ltd. (NASDAQ:RDCM) on Monday, May 23 with “Buy” rating.

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

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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