RADCOM Ltd. (NASDAQ:RDCM) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.00.
Several equities analysts have recently weighed in on RDCM shares. BidaskClub downgraded shares of RADCOM from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. ValuEngine raised shares of RADCOM from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Saturday, August 11th. William Blair reissued an “outperform” rating on shares of RADCOM in a research note on Friday, September 14th. Finally, TheStreet downgraded shares of RADCOM from a “b-” rating to a “c” rating in a research note on Monday, September 17th.
Hedge funds have recently modified their holdings of the business. Northern Trust Corp purchased a new position in RADCOM during the second quarter worth about $104,000. Jane Street Group LLC purchased a new position in RADCOM during the third quarter worth about $247,000. Laurion Capital Management LP purchased a new position in RADCOM during the third quarter worth about $329,000. Malaga Cove Capital LLC raised its stake in RADCOM by 29.6% during the third quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock worth $552,000 after purchasing an additional 11,100 shares during the period. Finally, Renaissance Technologies LLC raised its stake in RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock worth $3,055,000 after purchasing an additional 84,300 shares during the period. 25.44% of the stock is currently owned by institutional investors.
RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.16. The firm had revenue of $8.52 million for the quarter, compared to the consensus estimate of $10.70 million. RADCOM had a net margin of 9.76% and a return on equity of 4.99%. Equities analysts expect that RADCOM will post -0.21 EPS for the current fiscal year.
RADCOM Company Profile
RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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