Radcom -7% on mixed Q4, analyst downgrade

Feb. 12, 2019 10:59 AM ETRADCOM Ltd. (RDCM)By: Brandy Betz, SA News Editor

Needham downgrades Radcom (NASDAQ:RDCM) from Buy to Hold after this morning's Q4 report beat revenue estimates but missed on EPS.
Key Radcom management quote from the report: "Although our results were affected by a slower than expected pace of NFV transformations, and while market conditions continue to affect our visibility into when operators will implement their NFV and 5G plans, we remain confident in the future of NFV and 5G and in our technological leadership, our solutions and strong industry recognition."
Press release.
RDCM shares are down 6.8% to $7.50.
Previously: Radcom misses by $0.01, beats on revenue (Feb. 12)