Needham & Company Reiterates Buy Rating and $27 PT on Radcom (RDCM) Following 4Q Results

Needham & Company analyst Alex Henderson reiterates Buy rating and $27 price target on Radcom Ltd. (NASDAQ: RDCM), suggesting lots of positive news flow for the company in the pipeline, as the company delivered results and guidance that met estimates.

Henderson comments, "Radcom reported roughly in-line results and guidance, which we expected. The actions of management, in our opinion, tell the story better than the numbers. Radcom increased its staffing by 33% in the quarter, adding roughly 50 people, which was 20 more than anticipated. They hired top flight people from Cisco and NetScout. We think they have made substantial progress on trials and proof of concepts. We also think the news flow is building and should be highly positive over the next several quarters."

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 $17.00 yesterday.

You May Also Be Interested In

• Radcom unveils new analytics module for telecom operators
• Natera (NTRA) PT Raised to $270 at BTIG
• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities