Radcom (NASDAQ:RDCM) Stock Rating Lowered by Zacks Research

Radcom (NASDAQ:RDCM) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen cut shares of Radcom from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Needham & Company LLC dropped their price objective on Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. One 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. Based on data from MarketBeat.com, Radcom currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Radcom Price Performance

Shares of NASDAQ:RDCM opened at $10.16 on Wednesday. The company has a market capitalization of $170.08 million, a price-to-earnings ratio of 24.19 and a beta of 0.74. The firm’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $12.87. Radcom has a fifty-two week low of $9.40 and a fifty-two week 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). Radcom had a net margin of 10.47% and a return on equity of 6.56%. The firm had revenue of $11.76 million for the quarter, compared to analyst estimates of $15.57 million. Equities research analysts expect that Radcom will post 0.59 earnings per share for the current year.

Institutional Trading of Radcom

Several hedge funds have recently bought and sold shares of RDCM. Russell Investments Group Ltd. boosted its holdings in shares of Radcom by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock valued at $1,477,000 after buying an additional 1,542 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Radcom during the second quarter worth $34,000. Janney Montgomery Scott LLC raised its holdings in shares of Radcom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock worth $4,213,000 after acquiring an additional 3,750 shares during the period. Goldman Sachs Group Inc. lifted its position in Radcom by 20.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,026 shares of the technology company’s stock valued at $314,000 after acquiring an additional 4,140 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after acquiring an additional 4,364 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Radcom Company Profile

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.