Radcom (NASDAQ:RDCM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Radcom (NASDAQ:RDCM) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

RDCM has been the subject of a number of other research reports. Needham & Company LLC reduced their price target on Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings downgraded Radcom from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. Finally, Zacks Research lowered Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Radcom Trading Up 0.6%

Radcom stock opened at $9.97 on Friday. The company has a market capitalization of $166.90 million, a P/E ratio of 23.74 and a beta of 0.74. The firm’s fifty day simple moving average is $11.35 and its 200-day simple moving average is $12.58. Radcom has a 1-year low of $9.40 and a 1-year high of $16.74.

Radcom (NASDAQ:RDCM) last issued its quarterly earnings data on Wednesday, August 12th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). The business had revenue of $11.76 million during the quarter, compared to the consensus estimate of $15.57 million. Radcom had a return on equity of 6.51% and a net margin of 10.47%. On average, equities research analysts predict that Radcom will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Radcom

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Radcom during the 2nd quarter worth about $35,000. Janney Montgomery Scott LLC boosted its stake in Radcom by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock valued at $3,982,000 after purchasing an additional 5,380 shares during the period. Legato Capital Management LLC grew its holdings in Radcom by 9.6% in the 4th quarter. Legato Capital Management LLC now owns 73,866 shares of the technology company’s stock valued at $966,000 after buying an additional 6,476 shares during the last quarter. Private Advisor Group LLC grew its holdings in Radcom by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after buying an additional 7,372 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Radcom in the 1st quarter worth approximately $236,000. 48.32% of the stock is currently owned by institutional investors.

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.