Zacks Investment Research downgraded shares of Radcom Ltd. (NASDAQ:RDCM) from a strong-buy rating to a hold rating in a report issued on Wednesday.
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) “
Several other brokerages have also issued reports on RDCM. Needham & Company LLC upped their target price on Radcom from $17.00 to $23.00 and gave the company a buy rating in a research report on Monday, September 26th. TheStreet raised Radcom from a hold rating to a buy rating in a report on Wednesday, August 3rd. Finally, William Blair reissued a buy rating on shares of Radcom in a report on Monday, June 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average price target of $19.67.
Radcom (NASDAQ:RDCM) traded up 3.2089% on Wednesday, reaching $20.8998. The company had a trading volume of 281,870 shares. Radcom has a 1-year low of $9.02 and a 1-year high of $21.05. The stock has a market capitalization of $236.48 million, a P/E ratio of 178.6308 and a beta of 1.48. The stock’s 50 day moving average is $18.89 and its 200-day moving average is $14.77.
Radcom (NASDAQ:RDCM) last announced its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.13. Radcom had a return on equity of 7.06% and a net margin of 5.12%. The company had revenue of $7.20 million for the quarter, compared to analyst estimates of $6.80 million. On average, equities analysts predict that Radcom will post $0.43 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of RDCM. Renaissance Technologies LLC raised its stake in Radcom by 2.8% in the first quarter. Renaissance Technologies LLC now owns 179,325 shares of the company’s stock valued at $2,455,000 after buying an additional 4,800 shares during the period. Hartwell J M Limited Partnership bought a new stake in Radcom during the second quarter valued at approximately $116,000. Royal Bank of Canada bought a new stake in Radcom during the first quarter valued at approximately $207,000. A.R.T. Advisors LLC bought a new stake in Radcom during the second quarter valued at approximately $285,000. Finally, Menta Capital LLC raised its stake in Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock valued at $1,673,000 after buying an additional 92,423 shares during the period. 18.57% of the stock is currently owned by hedge funds and other institutional investors.
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.