Radcom Ltd. (NASDAQ:RDCM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research 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) “
A number of other research analysts also recently commented on RDCM. William Blair reiterated an “outperform” rating on shares of Radcom in a research note on Monday, June 13th. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Radcom in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded shares of Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.67.
Radcom (NASDAQ:RDCM) opened at 21.29 on Wednesday. The firm has a market capitalization of $240.90 million, a price-to-earnings ratio of 181.97 and a beta of 1.48. Radcom has a 52 week low of $9.02 and a 52 week high of $21.49. The stock’s 50 day moving average is $19.02 and its 200-day moving average is $14.82.
Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.13. The business earned $7.20 million during the quarter, compared to analyst estimates of $6.80 million. Radcom had a net margin of 5.12% and a return on equity of 7.06%. On average, equities research analysts expect that Radcom will post $0.43 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. G2 Investment Partners Management LLC increased its position in Radcom by 38.4% in the second quarter. G2 Investment Partners Management LLC now owns 1,091,606 shares of the company’s stock worth $12,717,000 after buying an additional 302,702 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Radcom during the second quarter worth about $3,060,000. Renaissance Technologies LLC increased its position in Radcom by 2.8% in the first quarter. Renaissance Technologies LLC now owns 179,325 shares of the company’s stock worth $2,455,000 after buying an additional 4,800 shares during the last quarter. Menta Capital LLC increased its position in Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock worth $1,673,000 after buying an additional 92,423 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Radcom during the second quarter worth about $285,000. Institutional investors own 18.57% of the company’s stock.
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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