Radcom (RDCM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing ...

I first took a look at RADCOM Ltd. (NASDAQ: RDCM ) in August 2023. The company is based in Tel Aviv, Israel, with a U.S. outpost in Paramus, New Jersey. For a modest market cap stock, they're a major player in the field of cloud-native, automatedThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering ...

Radcom (RDCM) reported third-quarter 2024 non-GAAP earnings per share (EPS) of 23 cents, surpassing the Zacks Consensus Estimate by 21%. The bottom line expanded 53.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter were a record $15.8 million, beating the Zacks Consensus Estimate by 5.5%. Total revenues jumped 20% year over year. With a focus on providing advanced 5G assurance solutions and incorporating cutting-edge artificial intelligence te ...

Financial Data and Key Metrics Changes - The company achieved record quarterly revenues of $15.8 million, representing a 20% increase compared to the same quarter in 2023 [10][27] - Non-GAAP net income for the third quarter was $3.7 million, with a non-GAAP net margin of 24%, which grew by 6% year-over-year [27][32] - GAAP net income was $2.3 million, up from a net loss of $0.3 million in the same quarter of 2023 [27][32] - Non-GAAP gross margin was 75%, with expectations for the fourth quarter to remain at a similar level [28] - Operating profit on a non-GAAP basis reached $2.6 million, growing by 92% from the previous year [31] Business Line Data and Key Metrics Changes - The acquisition of Continual in May 2023 contributed significantly to securing a seven-figure multi-year contract with a North American operator [25][11] - The company is seeing strong demand for its cloud-based automated assurance and AI capabilities, reflected in a healthy sales pipeline [13][14] Market Data and Key Metrics Changes - Operators are continuing to invest in their networks and advancing their 5G deployments, particularly in North America and Europe [12][42] - The transition to 5G standalone is progressing, with increased maturity among operators, especially in North America and Europe [12][42] Company Strategy and Development Direction - The company is focused on innovation and leveraging AI to meet customer needs and drive efficiencies [14][18] - The appointment of a new CEO is expected to enhance the company's growth strategy and market positioning [7][8] - The company aims to increase market share by leveraging its healthy sales pipeline and advanced AI capabilities [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a fifth consecutive year of revenue growth and increased profitability, raising the 2024 revenue guidance to $59 million to $62 million [22] - The company is well-positioned to meet evolving customer needs in the 5G market, with a strong focus on product innovations [22][18] Other Important Information - The company received a grant of $182,000 from the Israel Innovation Authority, which increased by 75% compared to the previous year [30] - The company was recognized in the Best AI/ML Innovation category for the Global Connectivity Award [21] Q&A Session Summary Question: Can you elaborate on the new seven-figure deal with the North American operator? - The Continual acquisition was complementary to the platform, enhancing the ability to provide advanced insights from the network [35] Question: What does the expansion path look like for that customer? - The contract is multi-year, with revenue recognition starting in 2025 [36] Question: How should we think about 2025's growth potential? - The company expects continued growth and has a healthy backlog, with about 70% of revenue being recurring [38] Question: Can you characterize the different geographical opportunities? - The main focus is on North America and Europe, where 5G standalone and cloud technologies are advancing [42] Question: Is most of the demand coming from voice over new radio or data applications? - The most interest is in voice over new radio, as it is critical during the transition [44]

RADCGM RADCOM Q3-2024 CONFERENCE CALL November 13th, 2024 AGENDA ▪ Introduction and safe harbor ▪ Hilik Itman, Interim Chief Executive Officer ▪ Hadar Rahav, Chief Financial Officer ▪ Q&A SAFE HARBOR PROVISION 3 Certain statements made herein that use words such as "estimate," "project," "intend," "expect," "'believe," "may," "might," "potential," "anticipate," "plan" or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act ...

Radcom (RDCM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this monitoring service for the communications industry would post earnings of $0.15 per share when it actually produced earnings of $0.20, delivering a surprise of 33.33%.Over th ...

Appointed Mr. Benny Eppstein as its new Chief Executive Officer, Effective December 1st, 2024TEL AVIV, Israel, Nov. 13, 2024 /PRNewswire/ -- RADCOM Ltd. (NASDAQ: RDCM) announced today its financial results for the third quarter ended September 30, 2024.Third-quarter 2024 highlights: Revenue for the third quarter was $15.8 million, up 20% year-over-year, a new company record GAAP net income was $2.3 million, or $0.14 diluted EPS, compared to a net loss of $0.3 million or $0.02 diluted EPS for the third quar ...

TEL AVIV, Israel, Nov. 13, 2024 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) announced today the appointment of Mr. Eppstein as its new Chief Executive Officer, effective December 1st, 2024. Mr. Eppstein is a seasoned telecom industry veteran with a distinguished track record at Ericsson and Amdocs. He is a U.S. resident with over 20 years of sales experience working with tier-one telecom operators in North America and Japan. RADCOM Names Benny Eppstein as its new CEO Mr. Eppstein held several leadership ...

Core Insights - RADCOM Ltd. has secured a multi-year, low seven-figure contract with a North American operator to provide its Radio Access Network (RAN) Analysis solution, aimed at enhancing user experiences across the operator's 5G RAN network [1][3] - The acquisition of Continual's mobile experience analytics in May 2023 has significantly strengthened RADCOM's RAN Analysis capabilities, enhancing its cloud-focused assurance and intelligent analytics portfolio [2][3] Company Developments - The contract will enable the operator to optimize its Voice over New Radio (VoNR) services on its public cloud network, providing crucial data insights for engineers to swiftly resolve radio issues and ensure high-quality VoNR services [3][4] - RADCOM's RAN Analysis correlates radio performance with core data in real-time, allowing engineers to identify and prioritize customer-affecting issues effectively, thus improving user experience [4][5] Technological Advancements - The RAN Analysis solution empowers network engineers with data insights to optimize new radio sites throughout the deployment process, significantly reducing the need for physical drive tests and lowering CO2 emissions [5] - The integration of RAN analytics with the operator's service management system allows for more efficient issue resolution, reducing workload and enhancing customer satisfaction [3][4]

TEL AVIV, Israel, Oct. 31, 2024 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) announced today that Hilik Itman, Interim Chief Executive Officer, and Hadar Rahav, Chief Financial Officer, will participate in the 18th Annual Needham Virtual Security, Networking, & Communications Conference on Tuesday, November 19, 2024.Management will be available for virtual one-on-one investor meetings during the day. Please get in touch with your Needham salesperson to schedule a meeting.For all investor inquiries, please con ...