Radcom Ltd. (RDCM) Downgraded by Zacks Investment Research to Hold
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) “
Other research analysts have also recently issued reports about the company. William Blair reissued an outperform rating on shares of Radcom in a research report on Monday, June 13th. Needham & Company LLC reissued a buy rating and issued a $17.00 target price (up from $16.00) on shares of Radcom in a research report on Wednesday, August 3rd. Finally, TheStreet raised Radcom from a hold rating to a buy rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Radcom has an average rating of Buy and an average price target of $19.67.
Shares of Radcom (NASDAQ:RDCM) traded up 3.2089% during midday trading on Wednesday, hitting $20.8998. The stock had a trading volume of 281,870 shares. The firm has a market cap of $236.48 million, a price-to-earnings ratio of 178.6308 and a beta of 1.48. Radcom has a 12 month low of $9.02 and a 12 month high of $21.05. The stock’s 50 day moving average price is $18.89 and its 200 day moving average price is $14.77.
Radcom (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.07 by $0.13. Radcom had a return on equity of 7.06% and a net margin of 5.12%. The company earned $7.20 million during the quarter, compared to the consensus estimate of $6.80 million. On average, equities analysts forecast that Radcom will post $0.43 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of RDCM. Hartwell J M Limited Partnership bought a new position in Radcom during the second quarter worth $116,000. Royal Bank of Canada acquired a new position in Radcom during the first quarter worth approximately $207,000. A.R.T. Advisors LLC acquired a new position in Radcom during the second quarter worth approximately $285,000. Menta Capital LLC boosted its position in Radcom by 180.5% in the second quarter. Menta Capital LLC now owns 143,634 shares of the company’s stock worth $1,673,000 after buying an additional 92,423 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Radcom by 2.8% in the first quarter. Renaissance Technologies LLC now owns 179,325 shares of the company’s stock worth $2,455,000 after buying an additional 4,800 shares in the last quarter. 18.57% of the stock is currently owned by hedge funds and other institutional investors.
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.
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