Radcom jumps on beat-and-raise quarter
12/08/2019 18:40
** Telecom solution provider's shares RDCM.O rise as much
as 9.71% to $8.28 after upbeat Q2 earnings
** Stock on three-day winning streak; set for its best day
in about four months, if gains hold
** RDCM posts smaller-than-expected loss; beats revenue
estimates - Refinitiv data
** Co also raises FY19 revenue forecasts to $30 mln - $33
mln from $28 mln - $32 mln urn:newsml:reuters.com:*:nPn5Vrry9a
** Agreement with Japanese operator Rakuten mobile has
helped revenues in Q2 - CEO
** Including session gains, stock up ~10% YTD
(Reporting by Abhishek Manikandan)
((Abhishek.Manikandan@thomsonreuters.com))