Radcom (NASDAQ:RDCM) Stock Rating Lowered by Wall Street Zen

Radcom (NASDAQ:RDCM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts have also weighed in on the stock. Zacks Research lowered shares of Radcom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Needham & Company LLC cut their price target on Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.00.

Radcom Price Performance

Shares of RDCM opened at $10.49 on Friday. Radcom has a 1 year low of $9.40 and a 1 year high of $16.74. The stock’s fifty day moving average price is $12.63 and its two-hundred day moving average price is $12.86. The firm has a market cap of $175.60 million, a PE ratio of 24.98 and a beta of 0.75.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.33). Radcom had a return on equity of 6.51% and a net margin of 10.47%.The firm had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $15.57 million. Sell-side analysts anticipate that Radcom will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Radcom

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lynrock Lake LP boosted its holdings in Radcom by 7.7% in the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after purchasing an additional 175,094 shares during the period. Private Advisor Group LLC increased its holdings in shares of Radcom by 2.1% in the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after purchasing an additional 7,372 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Radcom by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after buying an additional 5,380 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Radcom by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 208,733 shares of the technology company’s stock worth $2,730,000 after buying an additional 23,511 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Radcom by 58.1% in the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after buying an additional 71,873 shares in the last quarter. Institutional investors own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.