RDCM - Radcom: Good Stock In A Small Package

2024-02-04 05:57:56 ET

Summary

• RADCOM Ltd.'s stock price has increased by over 37% since November 2023, and the company is considered a strong buy opportunity among financial analysts.
• RADCOM's Q4 2023 financial results showed increased revenue and a net income reversing previous losses. Revenue and earnings are in our forecast as the 5G industry is expected to expand.
• The company's focus on AI-powered analytics and its potential for growth in the 5G market make it an attractive investment option.

Moving On Up

Since our November ’23 study and Buy assessment of RADCOM Ltd. (NASDAQ: RDCM ), the stock price popped over 37% up from $7.71 to close January ’24 at $10.58. We believe the Israel-based 5G development and service provider has better future earnings potential with tailwinds from other factors that we are sticking to our previous Buy assessment for now. Our position is more conservative than Seeking Alpha's Quant Rating and the upgrades from the few other analysts covering the stock....

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