ValuEngine Lowers Radcom Ltd. (RDCM) to Sell
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.
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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.
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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