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William Blair's Dmitry Netis initiated RADCOM Ltd. (NASDAQ: RDCM) at Outperform with a 2017 EPS estimate of $0.45.
Netis was impressed with the company's focus on "riding the network functions virtualization (NFV) wave rather than following the current "hype." The analyst believed the NFV investment would pay off in the long run.
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"According to Analysys Mason, the NFV market is expected to exit the R&D phase and enter the commercial deployment phase in 2018 at $2.4 billion, inflecting to $29 billion by 2023," said Netis.
Potential Partnership with AT&T
AT&T (NYSE: T) was widely believed to be the company that signed a "multiyear $50 million contract earlier in this year for the use of its technology," according to the analyst. Additionally, AT&T planed to aim for "75% of its network to be virtualized by 2020, up from 5.7% in 2015," opening a door for a large potential profit window for RADCOM in the future.
Shares of RADCOM closed at $11.43, down 1.55 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.