RDCM reported Q2 revenues up 49% YoY and 18c EPS.
The company has $46.5 million in cash to support trials/negotiations with additional large CSPs across the globe. RDCM is in discussions with 9 CSPs, up from 5 a quarter ago.
The AT&T contract is going well, and RDCM announced AT&T expanded the deal for a "high 7-digit figure" into a new NFV category.
Even though the shares have appreciated substantially, the company remains a compelling risk/reward opportunity at $190 million market capitalization. Strategic players like Cisco likely value the asset far above $190 million.
Cisco announced 5,500 layoffs and indicated it is redirecting resources to software units, further indicating growing value of pure-play NFV software players.
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Disclosure: I am long RDCM shares.