RADCOM (NASDAQ:RDCM) had its target price decreased by equities researchers at Needham & Company LLC from $20.00 to $12.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 28.89% from the stock’s previous close.
RDCM has been the topic of several other research reports. ValuEngine downgraded shares of RADCOM from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. BidaskClub downgraded shares of RADCOM from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. TheStreet downgraded shares of RADCOM from a “b-” rating to a “c” rating in a research note on Monday, September 17th. William Blair reaffirmed a “buy” rating on shares of RADCOM in a research note on Monday, June 18th. Finally, Zacks Investment Research downgraded shares of RADCOM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $17.00.
Shares of RDCM opened at $9.31 on Thursday. RADCOM has a twelve month low of $9.30 and a twelve month high of $21.80. The firm has a market capitalization of $152.25 million, a PE ratio of 40.48 and a beta of -0.09.
RADCOM (NASDAQ:RDCM) last announced its earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. The business had revenue of $10.64 million for the quarter, compared to the consensus estimate of $10.80 million. As a group, sell-side analysts expect that RADCOM will post 0.23 EPS for the current year.
A number of hedge funds have recently bought and sold shares of RDCM. Northern Trust Corp purchased a new position in RADCOM in the 2nd quarter worth about $104,000. Malaga Cove Capital LLC increased its stake in RADCOM by 32.9% in the 2nd quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock worth $741,000 after buying an additional 9,280 shares during the period. Finally, Renaissance Technologies LLC increased its stake in RADCOM by 119.7% in the 2nd quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock worth $3,055,000 after buying an additional 84,300 shares during the period. 25.28% of the stock is currently owned by institutional investors.
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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