Radcom Ltd. (RDCM): Raising PT Ahead After CEO Call - Needham

September 26, 2016 6:36 AM EDT
Get Alerts RDCM Hot Sheet
Price: $17.30 +0.87%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Needham & Company analyst, Alex Henderson reiterated his Buy rating on shares of Radcom (NASDAQ: RDCM) and raised his price target to $23.00 from $17.00. The analyst spoke with the CEO on Sunday and we come away impressed at the progress.

RDCM is maxed out on the number of field trials that can be managed at 9. The analyst believes that this translates into increased "potential for an accelerating ramp of revenues". However, investment ahead of growth is essential which likely likely dampen EPS growth.

For an analyst ratings summary and ratings history on Radcom click here. For more ratings news on Radcom click here.

Shares of Radcom closed at $19.33 yesterday.

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