Zacks Investment Research downgraded shares of Radcom Ltd. (NASDAQ:RDCM) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “
A number of other analysts also recently commented on RDCM. William Blair reiterated an outperform rating on shares of Radcom in a research report on Thursday, June 8th. BidaskClub upgraded Radcom from a hold rating to a buy rating in a research report on Wednesday, July 19th. Finally, Needham & Company LLC reiterated a buy rating and set a $27.00 target price on shares of Radcom in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $25.00.
Radcom (RDCM) opened at 18.85 on Tuesday. The stock’s market cap is $220.45 million. Radcom has a 12 month low of $16.30 and a 12 month high of $22.45. The stock’s 50 day moving average price is $20.33 and its 200-day moving average price is $19.52.
Radcom (NASDAQ:RDCM) last posted its earnings results on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $8.92 million for the quarter, compared to the consensus estimate of $8.68 million. Radcom had a negative return on equity of 2.19% and a negative net margin of 3.90%. Radcom’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Equities research analysts predict that Radcom will post $0.13 EPS for the current year.
Several hedge funds have recently modified their holdings of RDCM. ETF Managers Group LLC bought a new stake in shares of Radcom during the second quarter valued at about $101,000. Malaga Cove Capital LLC increased its stake in shares of Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Radcom by 0.8% in the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after buying an additional 272 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Radcom by 16.4% in the first quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock valued at $2,505,000 after buying an additional 16,457 shares in the last quarter. Finally, Raging Capital Management LLC increased its stake in shares of Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after buying an additional 89,773 shares in the last quarter. Institutional investors and hedge funds own 18.16% of the company’s stock.
Radcom Company Profile
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.
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