RADCOM (RDCM) Rating Lowered to Strong Sell at BidaskClub
RADCOM (NASDAQ:RDCM) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
Several other brokerages also recently weighed in on RDCM. Zacks Investment Research downgraded RADCOM from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. William Blair began coverage on RADCOM in a research report on Monday, October 9th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.00.
Shares of RADCOM (NASDAQ RDCM) opened at $19.30 on Friday. The firm has a market capitalization of $248.77, a P/E ratio of -1,928.07 and a beta of 1.15. RADCOM has a 12-month low of $16.60 and a 12-month high of $22.45.
Hedge funds have recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new stake in RADCOM in the third quarter valued at approximately $316,000. Granite Investment Partners LLC bought a new stake in RADCOM in the third quarter valued at approximately $548,000. Goldman Sachs Group Inc. lifted its position in RADCOM by 0.8% in the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after purchasing an additional 272 shares during the last quarter. Finally, ETF Managers Group LLC bought a new stake in RADCOM in the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 14.26% of the company’s stock.
RADCOM Company Profile
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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