ValuEngine cut shares of Radcom Ltd. (NASDAQ:RDCM) from a hold rating to a sell rating in a research report released on Monday morning.

Several other research analysts also recently commented on RDCM. William Blair restated an outperform rating on shares of Radcom in a research report on Thursday, June 8th. BidaskClub upgraded shares of Radcom from a hold rating to a buy rating in a research report on Wednesday, July 19th. Needham & Company LLC restated a buy rating and set a $27.00 price objective on shares of Radcom in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Radcom from a hold rating to a sell rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Radcom has a consensus rating of Hold and an average price target of $25.00.

Radcom (RDCM) opened at 19.40 on Monday. The firm’s market cap is $226.77 million. Radcom has a one year low of $16.60 and a one year high of $22.45. The stock’s 50 day moving average is $20.16 and its 200 day moving average is $19.50.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Radcom had a negative net margin of 3.90% and a negative return on equity of 2.19%. The business had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.68 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 23.9% on a year-over-year basis. On average, analysts predict that Radcom will post $0.13 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “ValuEngine Lowers Radcom Ltd. (RDCM) to Sell” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/31/valuengine-lowers-radcom-ltd-rdcm-to-sell.html.

Several hedge funds and other institutional investors have recently made changes to their positions in RDCM. Russell Investments Group Ltd. increased its position in shares of Radcom by 16.4% in the first quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock valued at $2,505,000 after buying an additional 16,457 shares during the period. Raging Capital Management LLC increased its position in shares of Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after buying an additional 89,773 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Radcom during the first quarter valued at about $735,000. Malaga Cove Capital LLC increased its position in shares of Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares during the period. Finally, ETF Managers Group LLC bought a new position in shares of Radcom during the second quarter valued at about $101,000. Institutional investors own 15.03% of the company’s stock.

About Radcom

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for Radcom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radcom Ltd. and related stocks with our FREE daily email newsletter.