RADCOM Plans $20 Million Share Buyback

Radcom’s board approved a share repurchase program of up to $20 million, representing as much as 11.8% of its outstanding shares. The program is expected to remain in effect for up to 18 months, with purchases potentially conducted in open-market or privately negotiated transactions, including through Rule 10b5-1 plans. Repurchases will begin only after a 30-day creditor-objection period required under Israeli securities regulations, and the company may modify, suspend or end the program at its discretion. Radcom said the initiative is intended to return capital to shareholders and reflects management’s confidence in its long-term strategy and belief that the stock is undervalued; its shares rose 8.3% to $10.99 following the announcement.