RADCOM (RDCM) Downgraded to Hold at Zacks Investment Research

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RADCOM (NASDAQ:RDCM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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) “

Separately, ValuEngine raised RADCOM from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.63.

RDCM stock opened at $8.05 on Tuesday. RADCOM has a 1-year low of $6.96 and a 1-year high of $21.80. The firm has a market capitalization of $108.40 million, a price-to-earnings ratio of 35.00 and a beta of 0.57.

A number of hedge funds have recently bought and sold shares of RDCM. AWM Investment Company Inc. purchased a new position in RADCOM in the third quarter worth $4,372,000. Renaissance Technologies LLC boosted its position in RADCOM by 119.7% in 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 last quarter. Senvest Management LLC boosted its position in RADCOM by 33.9% in the third quarter. Senvest Management LLC now owns 230,290 shares of the technology company’s stock worth $2,591,000 after purchasing an additional 58,251 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its position in RADCOM by 21.8% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 273,183 shares of the technology company’s stock worth $2,027,000 after purchasing an additional 48,830 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in RADCOM in the third quarter worth $329,000. 25.47% of the stock is currently owned by institutional investors and hedge funds.

About RADCOM

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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