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Radcom pares rebound gains as Needham trims target

Sep. 18, 2018 3:15 PM ETRADCOM Ltd. (RDCM) StockRDCM, GTMEF, GTMEYBy: Jason Aycock, SA News Editor8 Comments
  • A volatile couple of days has seen Israel-based Radcom (NASDAQ:RDCM) rebounding today after a conference call where the company says it sees no impact from Super Typhoon Mangkhut, but shares are dipping again amid a price target cut.
  • Shares are up 13.5% -- a bounceback from yesterday's 29% decline on concerns of the typhoon's impact on Radcom's No. 2 customer, the Philippines' Globe Telecom (OTCPK:GTMEY).
  • But those gains are pared from earlier after Needham lowered its price target to $20, from $27. Taking into account all the shakeups, that now implies 44% upside (less than before, but still strong).

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