Radcom Ltd. (RDCM): Raising PT Ahead After CEO Call - Needham
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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.
Shares of Radcom closed at $19.33 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Management Comments
Related EntitiesNeedham & Company, AdCom
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